Secure your contractual obligations with our comprehensive range of construction guarantees
Performance guarantees ensure that contractors fulfill their contractual obligations. If the contractor defaults, the guarantor will compensate the employer up to the bond amount, ensuring project completion.
Typically 5-10% of contract value, ensuring completion as per specifications
Secures advance payments made by the employer to the contractor
Covers the defects liability period after practical completion
Payable on first written demand without proof of default
Payable only upon proof of contractor default
Bond terms typically match the contract duration plus any maintenance period.
Release cash tied up in retentions
Convert contingent liabilities to insurance
Funds available for new projects
Replace cash retention held by employers with an insurance guarantee. This innovative solution releases your cash retention funds, significantly improving your working capital position.
Retention funds released upon guarantee issuance
Employer retains security through insurance guarantee
Premium cost typically lower than cost of tied-up capital
Supporting your tender applications at no cost. Our complimentary Bid Bond and Letter of Intent facility helps you secure more contracts.
Tender security bonds typically 2-5% of tender value
FREEConfirming willingness to provide performance bonds
FREESame-day issuance for qualifying contractors
24HSimple process to secure your construction guarantee
Provide contract details and company information
We evaluate your financial standing and project details
Receive your guarantee quote and terms
Guarantee issued upon acceptance and payment
Get a comprehensive quote including free Bid Bonds and optional SASRIA cover within 24 hours.