Letters of Guarantee and Reference

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Letters of Guarantee

A letter of guarantee is a surety bond, addressed to a government agency or organization, or other natural or legal entities, in which the bank pledges to pay a stipulated amount under stipulated terms and conditions in the event that a contractor fails to fulfill some specified contractual obligation or duty.

Letters of Reference

Letters of reference are generally issued for credible customers who engage in construction and contracting work.

  • Features and Benefits

    Letters of Guarantee

    • From the obligor's perspective, going into business by receiving a letter of guarantee from a reputable bank.
    • From the addressee's perspective, having  guarantee of compensation if the work is not completed.

    Letters of Reference

    • Letters of reference are generally issued for credible customers who engage in construction and contracting work.
    • It is issued by our relevant units at the Headquarters and delivered to the designated parties upon the company's request.
    • Reference letters can be issued in terms of TL or foreign currency.

     

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