This workshop dives into the essential financial instruments used in public and private procurement—Performance Guarantees, Security Deposits, and Call Deposit Receipts (CDRs). Participants will gain a practical understanding of their legal significance, risk mitigation role, and management throughout the contract lifecycle.

The session will cover real-case scenarios where mishandling of guarantees or CDRs led to audit objections or financial penalties, and how to avoid them through robust processes.

How is this Workshop Helpful?

Procurement success isn’t just about awarding contracts—it’s about securing execution. This workshop enables participants to protect organizational interests, mitigate contractor risks, and navigate audit-proof financial compliance using the right instruments.

You’ll walk away knowing how to avoid common mistakes in handling security documents and ensure proper forfeiture, release, or extension of guarantees.

What Will You Be Able to Do After Attending?

• Understand the purpose and structure of Performance Guarantees, CDRs, and Earnest Money

• Ensure proper collection, verification, and storage of security instruments

• Avoid procurement delays or losses due to expired or invalid guarantees

• Implement standard procedures for the return and forfeiture of CDRs

• Handle audit requirements related to financial securities in procurement

• Draft and review bank guarantees in line with legal and PPRA standards