The final Guarantee is a solution to ensure the proper execution of the contract's terms with your supplier and to win the trust of your customer thanks to the quality of the guarantor BANK OF AFRICA.
It is intended for any company wishing to obtain a guarantee following the conclusion of a public or private contract. This solution allows the company to ensure the proper execution of the terms of the contract, and in particular to protect against the possible risk of abandonment.
The Guarantee remains valid until the final receipt of the contract by the customer, that is to say until the completion of the planned work.
The amount of the final Guarantee is fixed by the contracting authority, and generally covers 3% of the contract.