Assignment of Bill for Work Order Finance, কিভাবে বিল এসাইন করবেন

A work order is a request for a given task to be completed that’s formally submitted to a business or service by a customer, or created in-house within an organization for a job to be done. Work orders are typically created for service technicians, maintenance, or inspection, but can apply to any task that must be completed by or within an organization.
Work Order Financing/Supply Order Financing:
Work Order financing is a set of financing modes allowed to the contractors to participate in tenders of different authorities and to execute their awarded works. The following types of facilities fall under this category -
SOD (Earnest Money)
Under this, Bank Guarantee or undertaking is issued by the Bank in the form of PO on behalf of customers (mostly contractors) to enable to submit bid in a tender invited by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations acceptable to the Bank.
Bid-Bond Guarantee
Under this, Bank Guarantee or undertaking issued by the Bank on behalf of its customers (mostly contractors) to enable to submit bid in a tender invited by different Government/ Semi-Govt. Organizations, autonomous bodies or other organizations acceptable to the Bank.
Performance Guarantee (PG)
A Performance Guarantee is given after the tender or bid of a particular customer is accepted by the authority. It is a Guarantee where the Bank gives an undertaking to the authority that the customer will complete the job as per terms of the tender or to pay damage up to the Guarantee amount.
Advance Payment Guarantee (APG)
This facility is a kind of Bank Guarantee or undertaking issued by the Bank on behalf of customers (mostly contractors) to enable to receive payment in advance against the work awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank. This sort of Guarantee is needed, when the work involves initial cost like Advance Rent Payment regarding rental of machinery and procurement cost of raw materials etc.
OD [Work Order/Supply Order]
This is a funded credit facility sanctioned to meet working capital requirement enabling the contractor for execution of work orders/supply orders awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank. The amount of loan is disbursed upto a certain percentage of work order/supply order value.
Retention Money Guarantee
Retention Money is a Bank Guarantee issued by the Bank on behalf of the contractors enabling the customer to release money retained from the work awarding authority which were deducted by work awarding authority from bills during work execution period.
Tn this video tutorials you will come to know about about assigning procedure of bill for work order finance.
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[@uzzalhossain2408]

Very effective, Sir.

[@bankingknowledgebd]

Thanks for your valuable commnets

[@mydulislam4218]

Excellent

[@mdratan334]

ইজিপি তে কোন প্রতিষ্ঠান পক্ষে পারফরমেন্স গ্যারান্টি ইস্যু করার ক্ষেত্রে,উক্ত পারফরমেন্স গ্যারান্টির ভ্যালিডিটি নির্ধারণ করার পদ্ধতি কি? এবং কিভাবে করতে হয়।
এই ব্যাপারে বাংলাদেশ ব্যাংকের কোন সার্কুলার আছে কিনা?
বিষয়টি জানা আমার জন্য অনেক জরুরি?
উক্ত বিষয়ে আপনাদের মূল্যবান দিকনির্দেশনা আশা করি।

[@bankingknowledgebd]

There is no certain circular from BB but there is a uniform practice as usual. First, you have to make the decision as a banker for providing a performance guarantee to the specific client on e-GP. Second, You have to make a decision regarding on which parameter collateral security or based on margin. You have to know the fund-related issues of the respective authority than the past or recent performance of the client or running bill. But BB has another circular that Funded+Non funded=35% excluding export. In the case of an export-oriented client, it should be Funded+Non Funded=50%. You know that e-GP system there is a certain expiry date of NOA or it is also mentioned in the schedule. Based on that you have to finance. But if you issued from the existing composite sanction limit then you have to issue for the quarter within the expiry of the sanction. Otherwise, you have to take permission on deal basis from the management.

[@technicalgentleman2378]

Sir what is the percentage of work order loan, for example if my work-order is 1 crore than what is the sanctioned amount by bank please reply me 🙏🙏🙏🙏

[@bankingknowledgebd]

Matter is not like that it depends on the customer analysis. It also varies from bank to bank

[@technicalgentleman2378]

@@bankingknowledgebd ok sir but if my loan amount is 1 crore and work order is 60 lakhs then can we take 1 crore or 60 lakhs, which amount bank will sanctioned please reply me

[@Zone_entertainment1000]

I want to know about charge documents and its function

[@bankingknowledgebd]

Sure then You have to study some laws related to bank loan recovery.

[@khanrehan5483]

স্যার এইসব এমএস ওয়ার্ড এর সফট কপি কি পাওয়া যাবে

[@bankingknowledgebd]

Email id text koren

[@nuruiislambhuyan548]

ভাই, সত্যি কি কাজ থাকলে ব্যাংক টাকা দয়, জানাবেন

[@nuruiislambhuyan548]

ভাই, দয়া করে আপনার ফেন নামাবারটা দিবেন? বা আপনি কোথায় থাকেন? জানাবেন ভাই

[@afiamobasherafun4190]

Work order এসাইনমেন্ট কোন আইন দ্বারা পরিচালিত। যদি ডিপার্টমেন্টে assignment করার পরও ব্যাংকের বরাবর চেক ইস্যু না করে তাহলে ব্যাংক কোন আইন দ্বারা প্রতিকার পাবে।
জনালে উপকৃত হতাম।