Surety
We have a wide range of options and offer an agile service, supported by the financial strength that backs the company. These characteristics allow us to be the best option in the market to meet your bonding needs.
Proposal bond
The surety guarantees to the beneficiary the offer made by the principal in the bidding process described in the Special Conditions, and in accordance with the terms and conditions indicated in its offer.
Payment Bond
The surety guarantees to the beneficiary that the suppliers who have supplied the principal with materials or goods that have been physically incorporated in the work described in the Special Conditions of this bond, as well as the Contractor’s workers who have worked in said work, will be paid the sums owed to them by the Contractor for unpaid materials or goods that have been physically incorporated and unpaid labor, rendered only in the work described. The Surety shall pay the sums owed by the Contractor to the suppliers and workers indicated.
Bail Bond
The surety guarantees the beneficiary the payment of the pecuniary obligations in which the principal may incur, within the judicial process that takes place in the Court of the Cause, as described in the Particular Conditions.
Down Payment Bond
The surety guarantees the beneficiary the reimbursement of the amount paid in advance by the beneficiary to the Contractor, subject to the conditions of the main contract entered into between them, as described in the Special Conditions.
Customs Bond
The surety company guarantees the beneficiary the payment of taxes, customs duties or import taxes, in accordance with the obligation established in the Special Conditions, provided that the principal does not comply with the tax obligation to which he/she adhered.
Quality Bond
The Surety undertakes to pay or fulfill the guaranteed obligation(s) described in the Special Conditions and in the Contract signed between the Beneficiary and the Principal, with its Annexes, in the event of non-compliance by the Principal with the obligations to correct defects or flaws in the contracted works, and provided that such non-compliance generates pecuniary damages to the Beneficiary, which are effectively proven and suffered by said Beneficiary.
Performance Bond
The surety undertakes to pay or fulfill the guaranteed obligation(s) described in the Special Conditions and in the Contract signed between the beneficiary and the principal with its Annexes, in the event of default by the principal and provided that such default generates pecuniary damages to the Beneficiary, which are effectively proven and suffered by such beneficiary.
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