Guarantee satisfactory execution

Performance Bonds

A Performance Bond is often required from a contractor or supplier who has been successful in the
bidding process so as to guarantee the satisfactory execution and completion of the contract.

Under these bonds, the bond amount is normally stated as a percentage of the contract amount. This amount is normally assumed to be the cost of calling for fresh tenders, including the cost of doing repair work, etc, on any work already done by the contractor, if the contractor fails or defaults on the contract.

icon png

Meet requirements

A requirement of significant tenders is that you have a performance bond.

icon png

Minimal Risk

The risk is minimal with this type of Bond as there is no financial obligation involved.

icon png

Cost Effective

Perofmance Bonds are preferred because they are a less expensive option and they do not tie up cash or bank credit lines during the execution phase.



Our Bid Bonds reputable.

Quick Processing

Processed within 1 hour