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The bank guarantee services include bid bond guarantee, performance guarantee, advance payment guarantee, retention guarantee, warranty guarantee, and other overseas construction related guarantees certified by our bank.
In principle, the guarantee tenor will be not over 7 years.
The guarantee rate will depend on the amount, the tenor, and the creditworthiness of the applicant.
There are huge business opportunities for overseas construction markets. However, at the same time lots of potential risks hiding while developing overseas markets. Therefore, it is advised that deep researches to overseas targeted market are necessary at the initial stage, including reference and information from government and its related institutions, TAITRA, ADB, EBRD, and overseas Taiwanese chambers of commerce. This study will let your company have more and deeper understandings of overseas markets, the country, government and tax regulations, which will effectively reduce the risks and allow your company to participate local government projects with compliance of local laws.
According to the successful experience from our clients, it is suggested that construction companies shall inquire and understand from the foreign owner about performance guarantee related questions. This is mainly due to the reason that overseas construction projects are based on foreign countries with different financial surroundings and construction regulations from the Republic of China. Construction companies shall in advance evaluate and inquire from the foreign owner about the issued form or type of the Performance guarantee, the guarantee amount, the tenor, and the guarantee issuing bank list which accepted and suggested by the foreign owner so that the further discussion about winning the bank’s credit support will be proceeded smoothly with the reduced risk of undertaking overseas construction projects.
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