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Can a vendor ask for advance payment against submission of 100% BG ?

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  • November 16, 2015 at 11:27 am #70264
    Anonymous
    Inactive

    Can a vendor ask for advance payment against submission of 100% BG ? Is there any Government Order which specifies that whether an advance payment can be made to a Vendor in lieu of Bank Guarantee ?

    December 2, 2015 at 2:56 am #81195
    Anonymous
    Inactive

    Dear
    In normal practice, any type of advance payment is prohibited as stated in WBFR – I
    Regards

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