Retention Bonds
Retention Bonds
The procuring entity may withhold a certain percentage of contract payment to cover “Defects Liability Period”.
By issuing a retention bond, the contractor is able to access the retained funds hence unlock the cashflows to finance other projects instead of taking loans.
Trade Finance Solutions Insurance Services Loans Investments Contact Utalii House building, Ground Floor, Utalii Street, Nairobi. 0795 717 522 info@precisioncredit.co.ke
By issuing a retention bond, the contractor is able to access the retained funds hence unlock the cashflows to finance other projects instead of taking loans.
Trade Finance Solutions Insurance Services Loans Investments Contact Utalii House building, Ground Floor, Utalii Street, Nairobi. 0795 717 522 info@precisioncredit.co.ke
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Retention Bonds
The procuring entity may withhold a certain percentage of contract payment to cover “Defects Liability Period”.
By issuing a retention bond, the contractor is able to access the retained funds hence unlock the cashflows to finance other projects instead of taking loans.
Trade Finance Solutions Insurance Services Loans Investments Contact Utalii House building, Ground Floor, Utalii Street, Nairobi. 0795 717 522 info@precisioncredit.co.ke
By issuing a retention bond, the contractor is able to access the retained funds hence unlock the cashflows to finance other projects instead of taking loans.
Trade Finance Solutions Insurance Services Loans Investments Contact Utalii House building, Ground Floor, Utalii Street, Nairobi. 0795 717 522 info@precisioncredit.co.ke