The procuring entity may withhold a certain percentage of contract payment to cover “Defects Liability Period”. By issuing a retention bond, the contractor is able to access the retained funds hence unlock the cashflows to finance other projects instead of taking loans.
Baraka Credit is a non-deposit taking financial institution founded with the main goal of providing quick flexible financial solutions, that can be tailor-made to satisfy our client’s needs in the shortest time possible.
Visit Us > Utalii House building, Ground Floor, Utalii Street, Nairobi.
Visit Us > Geomarc Business Centre, 3rd Floor, Opposite Nafrom
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