Subcontracts India provides a comprehensive understanding of mobilization advance guarantees, ensuring clients receive the necessary financial instruments to secure upfront payments for projects.
Subcontracts India’s BGs and SBLCs are purpose-built to secure mobilization advances, aligning with project timelines and resource mobilization requirements.
The company offers tailored guarantees, adjusting to the percentage of the total project cost defined by the contract.
Subcontracts India adheres to Central Vigilance Commission (CVC) guidelines, ensuring mobilization advances are need-based and compliant with legal requirements.
The company’s streamlined processes ensure quick issuance of BGs and SBLCs, enabling contractors to mobilize resources without delays.
Mobilization advance guarantees provided by Subcontracts India remain valid until the advance is recovered through invoices, maintaining financial stability throughout the project lifecycle.
The company’s expertise in capital structuring ensures that the guarantees provided are both efficient and cost-effective for contractors.
Subcontracts India leverages its global network to offer competitive and reliable BGs and SBLCs, even for large-scale projects.
The guarantees are structured to ensure that mobilization advances are used strictly for project-related purposes.
Subcontracts India facilitates mechanisms to recover advances and interest through running account bills, ensuring smooth financial flows.
The company offers affordable BGs and SBLCs, minimizing the financial burden on contractors while maintaining security for clients.
Subcontracts India’s financial solutions help contractors mobilize resources promptly, avoiding project delays.
BGs and SBLCs mitigate financial risks for both contractors and project owners, ensuring smooth operations.
By facilitating secure mobilization advance guarantees, the company helps build trust between clients and contractors.
Subcontracts India’s guarantees enable contractors to bid for and execute large-scale projects, boosting their market presence.
By meeting the demand for mobilization advance guarantees, Subcontracts India plays a vital role in India’s infrastructure and economic development.
Client/Beneficiary must submit a Letter of Intent (LOI) stating clearly:
Along with the LOI, the following documents are required:
We will perform due diligence and KYC verification of all submitted documents and provide formal acceptance.
We will provide a Term Sheet and Underlined Agreement for the client/beneficiary to review and sign.
The signed documents will be submitted to our bank and the client/beneficiary's bank to initiate the issuance process. Standard verbiage will be shared, and modifications (if allowed by our bank) can be requested at this stage.
The client/beneficiary will pay the issuance cost as per the Term Sheet. Once payment is received, we will confirm the receipt with the client's bank.
We will issue the financial instrument via MT-760 within three business days. If required, a hard copy will be sent via bonded courier to the official address of the client/beneficiary.
Issuance Cost: 12% of the face value of the financial instrument.