These bonds are normally issued for tenders, where the only obligation is a “Promisory Note” to the effect that in case the tenderer wins the tender, we will issue a Performance Bond.
The risk materializes if the tenderer wins the tender but does not take up the work. The insurance company will be required to compensate the tendering costs up to the limit of the bid bond amount.
Bid Bond
Performance Bond
Security Bond
Tender Bond
Custom Bond
With the knowledge acquired on the insurance field, we tend to stand in front of you and provide the best. With reference to our past activities with our served customers, we believe to be the best for your Bonds Insurance.
A legal contract, usually issued through a licensed Customs broker, between an importer, a Surety company, and US Customs and Border Protection (CBP) that guarantees that the importer complies with Customs regulations.
This is a surety bond issued by an insurance company or a bank
to guarantee satisfactory completion of a project by a contractor.
For example, a contractor may cause a performance bond to be issued
in favor of a client for whom the contractor is constructing a
building.
This is a binding pledge to pay the government if either you or your worker breaks the law, Work Permit conditions or security bond conditions.
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