Showing 5 of 5 policies
Advance Payment Bond
This bond guarantees that the contractor will properly use the advance payment made by the project owner and will refund it if contractual obligations are not met.
Bid Bond
A bond that guarantees the bidder will honor their bid and sign the contract if awarded.
Maintenance Bond
A bond that guarantees the contractor will fix defects or maintenance issues that arise within the defect liability period post-handover.
Performance Bond
A bond that guarantees the contractor will perform the project as per the agreed terms, timelines, and quality standards.
Retention Bond
A bond provided in lieu of cash retention (usually 5–10%) that guarantees the contractor will fulfill post-completion obligations.
