What are the types of letters of guarantee (bid, performance, advance payment)?

1- The preliminary guarantee (Bid Bond): it secures the seriousness of the company when it enters a tender.

2- The final guarantee (Performance Bond): it secures full execution of the project under the terms of the contract after the tender has been awarded.

3- The advance payment guarantee (Advance Payment Bond): it secures that the company uses the advance amount received from the owner for the purpose of the project only, and does not abscond with it.