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What is Advance Payment Guarantee? As a business owner, you might be aware of the importance of Steady Cash Flow! The steady flow of cash enables you to make necessary purchases and payments on time ensuring smooth business functioning. Are you planning to avail Advance Payments from your counterparty to enable the injection of steady cash flow? Here comes the role played by Advance Payment Guarantee. So, what is Advance Payment Guarantee? Advance Payment Guarantee is the written undertaking issued by a bank on behalf of contractor/supplier to ensure the counterparty that they will complete the tasks as per the agreed contract. And in case, if the seller or contractor fails to meet its contractual obligations, the counterparty can claim the bond to get the advance payments refund. Since Advance Payment Guarantee gives assurance on job completion, buyers developers demand this kind of Bank Guarantee from contractors/suppliers before releasing the Advance Payments. Are you in need of A