INSTALLATION AND COMMISIONNING OF ELECTRICITY LINING FOR DILI, REPUBLIC OF TIMOR LESTE. (PROJECT SUM: $8,000,000.00)
PROJECT FUNDING NEEDED : USD$ 1,000,000.00 (ONE MILLION DOLLARS ONLY)
The project above is a GOVERNMENT DIRECT NEGOTIATION project awarded by the Prime Minister Department to provide financial assistance to war veterans.
COMPANY NAME: xxxx LDA
The company have signed agreement with war veterans promising to provide financial assistance. The government will direct award the contract to xxxx Lda ( a 100% owned Timorense Company)
xxxx is seeking project funding of $1,000,000.00 to be deposited into the company bank account. The government requires each lobbying company to show PROOF OF FUND in cash in the company bank account before processing the contract application.
Investor will sign an agreement with xxxx.
xxxx will in return TRANSFER ALL SIGNATORY RIGHTS of the Company Bank account to the Investor as stated in the company resolution.
Investor will deposit $1,000,000.00 CASH into the company account.
xxxx will submit contract application to the Government.
Once the Contract have been awarded and signed, Kabura request that the bank account to be in JOINT SIGNATORY or in any ways investor feel comfortable.
xxxx will utilise the $1,000,000.00 to purchase equipment, material and working capital.
xxxx will submit project claims of USD$ 2,400.000.00 as soon as the first stage of work is completed estimated to be within 2 (TWO) month of work start.
xxxx will pay back USD$1,000,000.00 once receive first payment claim.
xxxx will pay investor USD$1,000,000.00 on the second payment claim as profit for the funding.
Payment can be arrange with an instruction to the bank or government for a direct assignment of payment to a specific second party by the project holder on a specific terms agreed and signed by the project holder with another party with the company resolution done properly.
Government Payment is usually paid between 30-90Days upon the submission of project claim. It can be earlier with a good relationship between the project holder and the respective government department.
LETTER OF CONTRACT ACCEPTANCE WILL BE SIGNED IN THE PRESENCE OF HEAD OF GOVERNMENT.
ESTIMATED PERIOD OF FUNDING AND PAYBACK :
MAXIMUM 6 MONTH
100% PROFIT WITHIN 6 MONTHS
INVESTOR WILL HAVE FULL CONTROL OF BANK ACCOUNT UNTIL PAYBACK.