Performance Bonds are very common particularly for Construction Contracts. These offer Employers/Developers comfort and protection that the Contractor…
Bid bonds are also known as tender bonds. These type of bonds can be a requirement of a tender process. They are provided with a tender by the Contractor to the Employer…
Advance Payment Bonds are provided in the event that the Employer advances the Contractor payment before the contract is completed. These are typical in construction…
This type of Bond protects the Employer against any defects during the maintenance / defects periods. A maintenance bond provides protection for the Employer if…
Retention is normally a % of the contract payment due to the Contractor that is retained by the employer to ensure that all works are completed as per the contract. Part of…
These type of bonds are normally in favour of Local Authorities/Councils/Water companies to ensure that the Contractor has fulfilled his obligations in relation to the…
Environmental Bonds are in favour of a local authority or the Environmental agency to guarantee the environment/land will be restored to agreed standards after contract.…
These duty deferment/Customs bond allows importers the flexibility to defer payment of taxes and duties. This deferment period provides a very real cash flow advantage…
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