Contract Securitization: Bank Guarantee for Advance Payment

This Skill Bit shows that Surey Bank Guarantees offer a security advantage in business transactions, but they also come with potential downsides, such as costs, complex application processes, and limitations on liability. Understanding these challenges can help you decide if a Surety Bank Guarantee is the right risk management tool for your needs.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.