Learn more about the Performance Bond policy.
A bond that guarantees the contractor will perform the project as per the agreed terms, timelines, and quality standards.
Performance Bonds provide assurance to project owners that the contractor will complete the project as per the agreement. If not, the insurer steps in to compensate or complete.
In case the contractor defaults, delays, or fails to deliver the project as per specifications, the insurer will pay the project owner up to the bond amount or arrange for project completion. This protects public and private developers from construction risk.
Large infrastructure and EPC firms, Contractors working on NHAI, MoRTH, or PWD projects, MSMEs executing turnkey or design-build contracts.
Request a free consultation for the Performance Bond policy.
