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Contractual Finance

Financing against confirmed contracts/work orders, including mobilization, execution and working capital requirements for specific contracts.

As per Bank’s prevailing approved rate, considering contract nature, tenor, risk and customer rating.

Contractors/suppliers with valid and enforceable work orders/contracts from reputable organizations and satisfactory repayment source.

Work order/contract; BOQ; agreement; payment terms; previous work experience; work completion certificate, where applicable; projected cash flow; financial statements; CIB; security documents; assignment/undertaking from awarding authority where applicable.

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