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cashflow
You already know the answer - CASH IS KING...
There are many uncertainties when tendering for a contract;
- will we earn enough on it?
- Will it complete on time without penalty?
- What other projects are we likely to run at the same time?
All of these can impact on your cashflow and ring-fencing part of your overdraft facility to secure a bank guarantee may not be the best solution.
Time is invariably short when you have to arrange a bond, for many reasons;
- You may have just realised a bond is needed, having overlooked this at tendering/contract stage
- You knew you needed a bond, and now the client wants to see it and is withholding your first payment
Before you ring the bank -
ring Walmsleys Commercial on
01942 765333
or complete our online form