Bid Bond / Tender Guarantee
Assures bid commitment
Guarantee performance. Preserve working capital.
Insurance-backed guarantees that can substitute bank guarantees to support your project obligations, improving liquidity and freeing banking limits.
Flexible surety solutions designed to support your commitments at every stage of the project lifecycle.
Assures bid commitment
Assures contract performance
Secures advances given to contractor
Replaces cash retention
Bonds free up bank working capital lines and may be comparatively cost-efficient versus bank guarantees, improving liquidity and bidding capacity.
Underwriters typically review financials, project details, experience, order book, contract terms and, where required, the proposed security or collateral.