Trade and Construction Guarantees

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  • Trade and construction guarantees
  • What Trade and Construction Guarantees Insurance offers

    Construction Guarantees

    The construction industry requires a broad range of guarantees, the full complement of which our expert guarantee underwriters cater to, includes:

    • Bid Bonds /Guarantees
    • Performance Guarantees
    • Advanced Payment Guarantees
    • Materials Off-Site and On-Site Guarantees
    • Retention/Defects Liability Guarantees
    • Supply Guarantees
    • Utility Guarantees

    Trade Guarantees

    These are guarantees that typically cater for industries such as freight forwarding, clearing and logistics. Such guarantees include:

    • Customs Guarantees (Deferred Duty & VAT, Bonded Warehouse, Road, Temporary Import, Customs Rebate, Manufacturer of Excisable Product)
    • Commercial Fuel Guarantees to Fuel Majors
    • Airline Guarantees

    Some of the major benefits of the Insurance backed guarantee are:

    • Provides the employer/supplier comfort against non-performance of contractual obligations and therefore increased costs of completion or non-payment
    • Provides the client with increased cash flow and working capital
    • Protects the client against non-payment of retained funds in the absence of a guarantee, should the employer not be in a position to make payment
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