Saudi Arabia ยท Construction and infrastructure
A growing contractor was winning more public sector work than its existing bank guarantee lines could support, and risked leaving contracts on the table.
The contractor needed performance and advance payment guarantees on each new award, but its single bank relationship had reached its internal exposure limit for the sector.
Two contract awards were at risk of being reassigned to competitors if guarantees could not be issued within the client's stated deadline.
We approached two additional banks and one specialist surety provider, presenting the contractor's full project history, completion record and client references as a package rather than contract by contract.
Structuring the facility as a committed line rather than individual approvals meant future guarantees could be issued within days rather than weeks.
A USD 8m guarantee line was put in place across two providers, spreading exposure and giving the contractor headroom for its full pipeline.
Both contracts at risk were secured on time, and the contractor has since used the line to bid on further work with confidence in its issuance timeline.
Details are anonymised. Figures are rounded and identifying information is removed or altered to protect client confidentiality. Past transactions are not a guarantee of future outcomes.
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