A Surety bond supports your contractual obligations to another party. In the event of non-performance of the contractual obligations, we commit to provide compensation for the loss(es) and damage(s) incurred.
When using a Surety bond facility with us, you are freeing up your banks’ credit lines and they can be used for other purposes.
When issuing a Surety bond on your account, we vouch our name as a guarantee for the bond’s Beneficiary that you have the financial capabilities and the technical expertise to complete the job. You will have a distinct advantage over your competitors and more chances to win the project.