FINANCE
The capability to provide the needed financial support in due course with a reasonable cost and under favorable conditions so that the work flow is not retarded in anyway and the risks connected therewith are minimized, is one of the main factors leading to success in overall performance. For ensuring that, a close collaboration with many domestic and international financial institutions is required to be performed for making the necessary preparations for meeting the prospective financial needs.
The main tasks of the Finance Department are, besides provisioning of the requested bid bonds, advance payment bonds, performance bonds, retention bonds and warranty period bonds for the projects as well as of the letters of credit (L/C) for major suppliers and supporting of the projects for making usage of hedging instruments for stabilizing the profitability of the projects, preparing headquarters’ overall budget, budget planning, tracing and ensuring the timely performance of payments and collections as well as tracing and reporting of budged realizations, and provisioning of any and all financial information to the top management.