Performance Bonds / Contract Guarantee Bonds
A guarantee, up to the value of the bond, which protects the Employer against any losses and/or damages sustained as a result of the Contractor failing to perform its contractual obligations.
‘On Demand’ Guarantees
Usually only available through Banks, however we have been successful recently in sourcing this style of Guarantee for several of our clients with one of our carriers.
Advance Payment Guarantees
A guarantee, up to the value of the bond, to the Employer that monies advanced to the contractor will be expended on the contract or otherwise be repaid by the Contractor and will be safeguarded against default by the Contractor.