Question: The contractor is required to provide the client with a bank guarantee for the work outlined in the tender. The amount owed to the bank

The contractor is required to provide the client with a bank guarantee for the work outlined in the tender. The amount owed to the bank to secure a bank guarantee is 0,8% of the value of the tender. Considering the value of the tender is R4,800,000 and the project will take 10 months to complete, how much will the bank guarantee cost the contractor per month?
Question 3Select one:
a.
R2,750
b.
R4,800
c.
R3,840
d.
R5,400

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