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A bank guarantee that is requested by a beneficiary to ensure that the contractor is bidding in good faith and will enter the contract if

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A bank guarantee that is requested by a beneficiary to ensure that the contractor is bidding in good faith and will enter the contract if awarded is called aln) maintenance guarantee advance payment guarantee or repayment guarantee. None of the above tender guarantee or bid guarantee performance guarantee 0.1 pts Question 16 The International Bank for Reconstruction was developed to manage Germany's World War I reparations, is also known as the World Bank is the formal name of the Ex-Im Bank fulfills internationally the same role as the Federal Reserve System plays domestically is called the Bretton Woods Bank

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