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Bonds

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We provide four main cover bonds for your protection.

  • Performance Bond

It covers the principal in the event the contractor does not perform its contracted work (due to workers on strike, bankruptcy or liquidation)

  • Advanced Payment Bond

It covers the advanced payment made by the principal to the contractor as per the contract agreement for inability to continue to perform such work as per the agreement.

  • Tender Bond

It covers the expenses incurred by the principal in the event that the awarded contractor decides to withdraw from such contract.

  • Custom Bond

It covers the duty payable on goods and services while in bonded warehouses.