Letters of guarantee tracking software
No more expired guarantees by surprise
Record bid, performance and advance payment guarantees with their bank, beneficiary, amount and expiry date. Upcoming expiries are easy to follow so extensions are requested in time.
- Guarantee types and beneficiaries
- Cash margins and bank commissions
- Extension, reduction and release
Linked to projects and contracts
Each guarantee can be linked to the project or contract it secures, giving contractors a clear view of their exposure per project.
Frequently asked questions
Can we track every bank letter of guarantee?
Yes. Each letter of guarantee is recorded when issued, then extended or released, so open guarantees are always visible.