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Requesting LC type details

TexasCollections

Hello, Hope you are doing well. My question is as following : 1) Client has awarded us 100 $ worth of a job. 2) Client wants to open LC for 15% of the said job and "Claims" it can be re-utilized again and again as progressive milestones are achieved on monthly basis. 3) What kind of surety or clauses should be mentioned in the LC draft which secure and guarantee 100% of the project payment without any suprises mid way during construction or cancellations of LC by client during the job ongoing or to avoid delays in securing timely payments?? Please inform, Thank you.

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