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
Provides protection against the risk of the contractor failing to fulfil their contractual obligation to the principal
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
Also known as contract bond protect the project owner by guaranteeing that the contractor will perform in accordance with the terms of the contract
Guarantees that the fiduciary will fulfil his or her responsibilities ordered by the law or state