The Performance Letter of Guarantee is a fundamental document in Qatar's commercial landscape, particularly in construction and infrastructure projects. It is typically required when a contractor or service provider enters into a significant contract where their performance needs to be secured. The guarantee amount usually ranges from 5% to 10% of the contract value, though this can vary based on project requirements. Under Qatar law, these guarantees are designed to be unconditional and payable upon first demand, providing immediate access to compensation if the principal obligor defaults on their obligations. The document must comply with Qatar Central Bank regulations and the Commercial Code, while often also adhering to international banking practices. Banks issue these guarantees after conducting due diligence on the principal obligor's creditworthiness and usually require counter-security.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Letter Header: Bank's letterhead, reference number, and date of issuance
2. Beneficiary Details: Full name and address of the party receiving the guarantee
3. Guarantee Number: Unique identifier for the guarantee
4. Project/Contract Reference: Details of the underlying contract or project being guaranteed
5. Principal Obligor Details: Identity of the party whose performance is being guaranteed
6. Guarantee Amount: The maximum amount guaranteed, expressed in both numbers and words
7. Guarantee Validity: Effective date and expiry date of the guarantee
8. Performance Obligations: Description of the guaranteed performance obligations
9. Demand Requirements: Conditions and process for making a claim under the guarantee
10. Governing Law Statement: Explicit statement that the guarantee is governed by Qatar law
11. Authorization and Signature: Bank's authorized signatories and official stamp
1. Partial Claims Statement: Include when partial claims are permitted under the guarantee
2. Assignment Clause: Include when the guarantee needs to be transferable
3. Dispute Resolution: Include when specific dispute resolution mechanisms need to be specified
4. Language Declaration: Include when the guarantee is issued in multiple languages
5. Force Majeure Provisions: Include when specific force majeure events need to be addressed
6. Counter-Guarantee Reference: Include when the guarantee is issued based on a counter-guarantee from another bank
1. Format of Demand Notice: Template for making a valid demand under the guarantee
2. List of Authorized Signatories: Names and specimen signatures of authorized persons who can make demands
3. Copy of Underlying Contract: Reference copy of the contract being guaranteed (if required)
4. Authentication Method: Details of SWIFT or other authentication methods to be used for demands
Find the exact document you need
Advance Payment Guarantee
A Qatar law-governed bank guarantee securing advance payments made to contractors or suppliers, providing financial security for the beneficiary's upfront payments.
Download
Business Loan Guarantee
A Qatar-law governed guarantee agreement securing a business loan, compliant with local regulations and Sharia principles.
Download
Performance Bond Guarantee
A Qatar law-governed financial guarantee issued by a bank to secure a contractor's performance obligations, providing financial protection to the project owner.
Download
Cheque Guarantee Letter
A Qatar law-governed banking instrument where a bank guarantees payment of a specified cheque to protect the beneficiary against non-payment.
Download
Bank Guarantee Loan
A Qatar law-governed agreement establishing terms for a bank's guarantee of a loan or financial obligation, including rights, obligations, and enforcement mechanisms.
Download
Standby Letter Of Guarantee
A Qatar law-governed bank guarantee document providing financial security for commercial obligations, issued by a bank to protect a beneficiary against default by a principal party.
Download
Performance And Financial Bank Guarantee
A Qatar law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon demand, subject to Qatar banking regulations and commercial laws.
Download
Business Bank Guarantee
A Qatari law-governed bank guarantee document where a bank guarantees the performance or financial obligations of a principal party to a beneficiary.
Download
Government Deposit Guarantee
A Qatar law-governed document establishing government guarantees for deposits in licensed financial institutions, outlining protection terms and regulatory compliance requirements.
Download
Original Bank Guarantee
A Qatar law-governed bank undertaking to pay a specified sum to a beneficiary upon the principal's default, compliant with Qatar Central Bank regulations.
Download
Bank Guarantee Renewal Letter
A formal letter under Qatar law extending the validity period of an existing bank guarantee, issued in compliance with Qatar Central Bank regulations.
Download
Deposit Guarantee
A Qatar law-governed agreement where a guarantor secures a deposit account maintained by a principal debtor with a financial institution.
Download
Advance Bank Guarantee
A Qatar-law governed bank guarantee securing advance payments in commercial transactions, ensuring refund if contractual obligations are not met.
Download
Unlimited Bank Guarantee
A Qatar law-governed Unlimited Bank Guarantee establishing an uncapped payment obligation by a bank to secure commercial obligations.
Download
Drawdown Bank Guarantee
A Qatar law-governed bank guarantee document that enables beneficiaries to draw down specified amounts upon compliant demand, subject to Qatar Central Bank regulations.
Download
Corporate Bank Guarantee
A Qatar-law governed bank guarantee instrument where a bank guarantees payment obligations of a corporate entity to a beneficiary, subject to Qatar banking regulations and commercial laws.
Download
Bank Guarantee For Lost Bill Of Lading
A Qatar law-governed bank guarantee providing indemnity to shipping companies for cargo release without original bills of lading.
Download
Guarantee Letter
A Qatar law-governed document where a guarantor commits to fulfill obligations or make payment to a beneficiary if a principal debtor defaults on their contractual obligations.
Download
Bank Guarantee Letter Of Credit
A bank-issued payment guarantee document governed by Qatar law, providing security in international trade transactions through standardized payment commitments.
Download
Irrevocable And Unconditional Bank Guarantee
A Qatar law-governed bank guarantee providing unconditional payment obligation upon first demand, without possibility of revocation or modification.
Download
Bank Credit Guarantee
A Qatar law-governed bank guarantee document where a bank guarantees payment to a beneficiary upon the principal debtor's default, subject to Qatar Central Bank regulations.
Download
Bank Assurance Letter
A Qatar-law governed bank-issued guarantee document that assures financial obligations or performance of a principal party to a beneficiary.
Download
Open Ended Bank Guarantee
A Qatar law-governed unconditional bank guarantee that remains valid until explicitly released by the beneficiary, providing ongoing financial security for commercial transactions.
Download
Advance Payment Guarantee Bond
A Qatar-law governed financial instrument where a bank guarantees the repayment of advance payments made to a contractor, ensuring protection for the party making the advance payment.
Download
On Demand Bank Guarantee
A Qatar law-governed bank guarantee providing unconditional payment obligation upon first demand, offering security for commercial transactions under Qatar banking regulations.
Download
Bank Endorsement Letter
A formal banking instrument issued under Qatar law providing bank confirmation or guarantee for specific financial transactions or matters.
Download
Advance Payment Guarantee Letter
A Qatar-law governed bank guarantee securing advance payments made to contractors, providing first-demand payment rights to the beneficiary if contractual obligations are not met.
Download
Revolving Bank Guarantee
A Qatar law-governed bank guarantee that automatically reinstates after each call, providing ongoing financial security up to a specified maximum amount.
Download
Retention Bank Guarantee
A Qatar-law governed bank guarantee replacing cash retention in construction contracts, providing security to project owners while protecting contractor cash flow.
Download
Performance Standby Letter Of Credit
A Qatar-law governed bank guarantee instrument that ensures compensation to the beneficiary if the applicant fails to meet contractual performance obligations.
Download
Performance Letter Of Guarantee
A Qatar-law governed bank guarantee securing a contractor's performance obligations, payable on demand to protect the project owner's interests.
Download
Standby Letter Of Credit
A Qatar law-governed banking instrument providing payment guarantee upon specified conditions, issued by a bank to secure commercial obligations.
Download
Cash Backed Bank Guarantee
A Qatar law-governed bank guarantee document secured by cash collateral, establishing terms for the guarantee and security arrangement in compliance with Qatar banking regulations.
Download
Bank Counter Guarantee
A Qatar-law governed banking instrument where one bank undertakes to indemnify another bank that has issued a guarantee, incorporating local regulatory and Shariah-compliant requirements.
Download
Back To Back Bank Guarantee
A Qatar law-governed guarantee arrangement between two banks, where one bank guarantees another's guarantee to a beneficiary, establishing terms and obligations for all parties involved.
Download
Bid Bond Tender Guarantee
A Qatari law-governed financial guarantee issued by a bank to secure a bidder's obligations in a tender process.
Download
Bank Letter Of Comfort
A Qatari law-governed banking document providing non-binding assurance about a company's financial standing or business relationship, issued by a bank to support business transactions.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)