Performance Bond / Performance Guarantee (PBG) – Secure Your Contractual Obligations

🔹 What is a Performance Bond / Performance Guarantee (PBG)?

A Performance Bond (also called a Performance Guarantee or PBG) is a financial instrument issued by a reputable bank or financial institution to guarantee that a contractor or supplier will complete a project in accordance with the terms of the contract. If the contractor defaults or fails to meet their contractual obligations, the project owner (beneficiary) receives financial compensation up to the bond amount.

Widely used across construction, infrastructure, procurement, energy, and government projects, a PBG ensures project completion, enhances trust, and minimizes financial risk.

📢 How Does a Performance Bond Work?

  1. Request: The project owner requires a PBG from the contractor as part of the contract.

  2. Issuance: The contractor obtains the bond from a bank or financial institution.

  3. Execution: The contractor begins work on the project.

  4. Default: If the contractor fails to meet obligations, the project owner claims the bond.

  5. Compensation: The bank compensates the owner for any losses incurred.

🔍 Key Features

  • ✅ Guarantees contractual fulfillment

  • ✅ Provides financial protection to project owners

  • ✅ Boosts contractor credibility

  • ✅ Typically covers 10% to 100% of contract value

  • ✅ Valid throughout the project plus warranty/defect period

  • ✅ Complies with ICC URDG 758 (Uniform Rules for Demand Guarantees)

💼 Who Needs a PBG?

  • Construction & Infrastructure Companies

  • Procurement & Supply Chain Operators

  • Government Contractors & Bidders

  • Engineering & Manufacturing Firms

  • IT & Technology Service Providers

  • Oil & Gas & EPC Contractors

📄 Required Documents

  • Project Contract

  • Company Trade License

  • Articles of Association

  • Board Resolution

  • Audited Financial Statements (2 years)

  • Recent Bank Statements (6-12 months)

  • Bond Application Form

  • Bid/Tender Documents (if applicable)

💳 Our Partner Banks & Financial Institutions

We work with a global network of reputable institutions to issue Performance Bonds and trade finance instruments like LC, SBLC, BG, BCL, POF, and RWA.

🌐 Top-Tier Global Banks & Their SWIFT Codes:

Bank NameCountrySWIFT Code
HSBC BankHong KongHSBCHKHHXXX
BNP ParibasFranceBNPAFRPP
Mashreq BankUAEBOMLAEAD
Standard Chartered BankUAESCBLAEAD
Bank of ChinaHong KongBKCHHKHHXXX
UOB BankSingaporeUOVBSGSG
Credit AgricoleFranceAGRIFRPP
PG Asia Investment Bank LtdMalaysiaAINEMY22
Dushanbe City BankTajikistanLCMDTJ22
Standard Commerce Bank LtdUSASTDMDMDMXXX
Asia Pacific Investment BankMalaysiaASPMMYKL
Digital Commercial BankUSAN/A
Credit Foncier IM UND Export GmbHGermanyCFEGDE82
Sapelle International Bank Liberia LimitedLiberiaGNERLRLM
UnibanqueUKUNBQGB22
Al-Amanah Islamic Investment Bank of the PhilippinesPhilippinesAIIPPHM1XXX
Point BankUKPOITGB21
Ace Investment Bank LimitedMalaysiaAIBMMYKL
Tabarak Investment Capital LimitedUAETIBIAEADXXX
United Bank for InvestmentIraqUNTVIQBAXXX
Golden Touch Investment Bank LimitedGlobalGTIVMT2LXXX

🚀 Why Choose NNRV Trade Partners?

  • ✔ Expertise in Trade Finance & Global Infrastructure

  • ✔ Access to Top-Tier Issuing Banks

  • ✔ Fast Turnaround & Compliance Assurance

  • ✔ End-to-End Advisory & Documentation Support

  • ✔ Risk Mitigation Solutions for All Projects

📎 Apply Now

Secure your project and boost your business credibility with a trusted Performance Bond from NNRV Trade Partners.

📧 Contact us to request a free consultation and receive the bond application form.