Mezra
Finance Insurance Bonds
Mezra Finance Insurance Bonds
UK
PERFORMANCE BONDS
Mezra
Finance is able to arrange Insurance Bonds, and Guarantees
from the UK market on behalf of its clients:
Bid
bonds - A bid bond is a guarantee of serious intent
by a party bidding for a contract. Can be called if bidder
fails to proceed having been awarded the contract. Typically
as a bid bond falls away, a performance bond is required in
its place.
Performance
bonds - A performance bond is a guarantee of a contractor's
performance of his contractual obligations under a contract.
Advance
payment bonds - An advance payment bond is given as
security for monies advanced at commencement of work on a
contract. e.g. for purchase of materials.
Construction
bonds - A construction bond is given in support of
performance on major contracts - similar in nature to a performance
bond.
Retention
monies bonds - A retention monies bond is given in
lieu of employer making deductions or retentions from stage
payments under a contract.
Recourse
bonds - A recourse bond is given in support of exporter's
"with recourse liability" say to government export
credit agency.
Personal
guarantee indemnity - A personal guarantee indemnity
insures against the calling of a personal guarantee liability
(say by a company director) given in support of corporate
borrowing.
Deferred
payment bonds - Deferred payment bonds are used in
connection with property purchase to cover deferment of purchase
price or rent.
Let
Mezra Finance quote for your current bid & performance
bond requirements.
For
further information on Mezra Finance Insurance Bonds visit
the Mezra Finance website.
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