What guarantees are required in contracts of international organizations?

Ok, let's talk clearly: the guarantees in contracts with international organizations are like those security networks in the circus - no one wants to fall, but there they are for when someone does. Basically, they serve for all players to follow the rules and not make the crazy people with their obligations. And yes, there are several guys, each with their roll.

First, there are the famous bidding guarantees. What are they for? Simple: to show that the offering is not there for a walk and, if he wins, he will comply. Normally, this translates into a bank bond or insurance, and is generally somewhat percent of the total contract value. Nothing is free, friend.

Then come the guarantees of good performance. Here the idea is that the contractor does not fall asleep in the laurels and do things well. If something goes wrong or there is any defect, the guarantee covers the mess. Again, banking or insurance bail ... You know, the same story, but for different purpose.

Now, advancement guarantees. Imagine that the organism releases you money in advance - it is not for you to go on vacation, but to use the pasta as agreed. If you deviate, the guarantee covers the disaster. So beware of playing with those funds.

And because there is always a “but”, some organisms ask for extra guarantees: maintenance, quality, whatever they can think of. Basically, they want to make sure that what you deliver does not fall apart or lose value the next day of the delivery. A little obsessive, but hey, who blames you?

The key point? If you want to play in the big leagues and participate in international tenders, you have to master this issue. It is not optional. You have to know in the heart what guarantees they ask you, how to get them (a bank, an insurer, what it touches) and manage them well throughout the contract. Nothing to trust or improvise.

Anyway, these guarantees are the antibala vest of the organisms so that no one goes ready. If you are going to launch yourself in this world, you better be prepared to prove that you meet and that you know how to handle the matter. It is not for cowards, that sure.