Contract Securitization: Advance Payment Bond

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€50.00
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This Skill Bit shows that Advance Payment Bonds are financial instruments used in contracts (especially construction and procurement) to secure advance payments made by project owners to contractors or suppliers. The bond guarantees repayment of the advance payment according to the agreed-upon terms.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.

Course Content