STRUCTURED GUARANTEES FOR OVERSEAS CONTRACTS

 

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

 

1. Surety Bond

If the employer abroad accepts surety bond, based on the surety agreement between the contractor and the guarantor, a surety bond is issued and  delivered to the beneficiary employer.

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2. Surety Backed Bank Letter 

If the employer abroad only accepts bank guarantee, based on the surety agreements between the guarantor and the bank, and between the bank and the contractor, a bank letter is issued and delivered to the beneficiary employer. 

 

TYPES OF COMPLETION GUARANTEE

 

Completion guarantees 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