OVERSEAS CONTRACTING PROJECTS STRUCTURED GUARANTEES

 

  Structured guarantees that work in the logic of project finance are offered only for projects undertaken by Turkish contractors abroad. These are:

1. Surety Agreement and Surety Letter

If the employer abroad accepts the surety bond, a surety bond is prepared and notified to the employer, in which the employer is the beneficiary, depending on the surety agreement to be made with the contractor.

2. Bank Guarantee Letter Supported by Surety Agreement

If the employer abroad only accepts a bank letter, the surety agreement to be made with the contractor is presented to the bank as a guarantee. Depending on the additional surety agreement to be made with the bank, a bank letter in which the employer is the beneficiary is prepared and delivered.  

 

TYPES OF COMPLETION GUARANTEE

 

Completion guarantee contracts can be arranged according to the characteristics of the projects:

 

1. Non-Sales Urban Transformation Projects

2. Urban Transformation Projects with Sales

3. Projects with Prepaid Sales

4. Real Estate Certified Projects

5. Rental Projects