Types of bank guarantees (BG) and sequence of use in a contract

What are the different types of bank guarantees used in a contract and in what sequence each type of guarantee is required to be issued?
In this video we discuss the sequence of Bid bond, Performance bank guarantee, Financial bank guarantee, Advance Payment guarantee, Warranty guarantee or Retention money guarantee.
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0:00 Bid Bond
0:19 Performance Bank Guarantee
0:33 Advance Payment Guarantee
1:10 Financial/ Payment Bank Guarantee
1:25 Warranty Guarantee/ Retention Money Guarantee
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⭐⭐Our courses are chosen by international banks and corporates to train their employees.
🚀For our trade finance courses -
www.bankon.school/courses/trade-finance-letter-of-credit-incoterms
⚡For Bank Guarantee course -
www.bankon.school/courses/bank-guarantee-standby-urdg-isp
✅For our SWIFT ISO 20022 courses -
www.bankon.school/courses/swift-mt-mx-iso-20022-message-types