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Backed by the best
Designed specifically to protect an individual or organization against financial loss if certain circumstances occur.
Bid with confidence & credibility
A bond is usually contained in a document given by a third party in support of the obligations of another party, containing a promise to pay money immediately or on a future date. It thereby provides an assurance to the beneficiary that the contracting party will perform its obligations, and security if it does not.
Our bond insurance offers
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Bid bonds
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Bid bonds are used to compensate an employer/principle if a contract has to be re-awarded because a prospective contractor refuses to enter into the contract after his tender is accepted.
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Advance Payment
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Advance payment bonds manage the risk of the contractor’s failure to earn the whole of any advance payment from the employer by failing to provide goods and services to an equivalent value. The failure may result from the contractor’s insolvency, fraud or default through using the advance payment for another purpose.
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Bid bonds
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Bid bonds are used to compensate an employer/principle if a contract has to be re-awarded because a prospective contractor refuses to enter into the contract after his tender is accepted.
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