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

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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

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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

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