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What Are Performance Bonds?
A financial guarantee by way of performance bond and other third party guarantees can be a necessary requirement when companies in the construction and structural engineering industries need to ensure contractual obligations are met.
Failure to provide the right financial guarantee can lead to disqualification from the bidding process on any tender.
Performance Bonds provide a guarantee to the employing party for a contractor or sub-contractor defaulting on their contractual obligations. It is becoming more frequent that principal contractors now require a performance bond from their sub-contractors before awarding them a contract.
“Our priority is always the client. That’s why we aim to provide you with first class service at all times.
Our experienced team offer vast amounts of knowledge and a proactive approach to service. We will take the time to get to know your business as if it were our own.”
Martin Swann
Managing Director, Financial & Professional Risks Division
Get Performance Bond Guarantee’s To Provide Financial Security
With our team, you can be confident your financial interests will be granted protection and ensure that contractors fulfil their obligations to you.
For more information on performance bonds, simply contact our team. Alternatively, you can request a call back below. Our team will be more than happy to discuss your needs and answer any questions you may have.
