Bond

What is covered?

Advance Payment Bond

Protection for the financier of a project against the default of the contractor/supplier for monies advanced to kick- start a project

Performance Bond

Provides protection against the risk of the contractor failing to fulfil their contractual obligation to the principal

Customs Bond

Provides guarantee against the non-payment of duties, taxes and other charges levied by the government on the importer for the importation of goods into a country

Bid Bond

Also known as contract bond protect the project owner by guaranteeing that the contractor will perform in accordance with the terms of the contract

Court Bond

Guarantees that the fiduciary will fulfil his or her responsibilities ordered by the law or state