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Message: <blockquote data-quote="EPCO" data-source="post: 17844717" data-attributes="member: 261439">Not the industry accepted correct practice to ask money from subees!!! The main contractor shall provide advance payment to subees to enhance their cash flow at the start of the project/development. Instead cash subees can proposed to use:- performance guarantee (issued by a bank/financial institution and bank charges apply) or- parent company grantee (if the sub-contracting firm is a subsidiary of a reputed and well established firm and no financial implication)what is the contract form and contract type is use for this project/development and the scale of project/development?Presumed that you are not meant to ask about bid bond/tender security!!hope this have a help unless please ask again.</blockquote>

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