Bonds/Surety

Security for the bind holder to provide financial protection/guarantee against non-completion of a project as agreed.

• Performance Bonds (construction and non-construction) – guarantee of a contracts performance in accordance with the agreed upon terms, in the result of a breach of contract.
• Retention Bonds – a guarantee in place of a retention that would usually be held as cash, allowing the retention to be paid out early.
• Highway/sewer bonds – a guarantee for property developers/house builders to fulfil the statutory obligations for construction and maintenance of highways, roads, and sewers for handover to the local authority.
• Travel Bonds – security for travel agents/package tour operators to protect customers who have made payments in advance, to pay for repatriation costs in the form of ATOL/ABTA/IATA.