Payment Bond
The payment bond is a surety bond posted by a Contractor to guarantee that its subcontractors and material suppliers on the project will be paid.
It is a form bond used only in the private sector, usually issued on conditional format and provides for the possibility to execute it after the fault of the insured person has been ascertained, received the goods or benefited from services for which he did not pay the price their value, guaranteed by the insurance policy.
Contractual Guarantees
Bid Bond p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Arial; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} A bid bond is…
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Commercial loan
The need of financial insurances is determined by the fact that the commercial activity is, by definition, submitted to various risks. Each…
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