Excise and Customs bond
Such bonds are issued in connection with the import
of raw material/machinery against the payment of customs
and excise duties.
Bid Bonds
Bid bond is issued on behalf of contractors in connection
with the submission of tenders for contracts with public
authorities and private owners.
Performance Bond
This bond is issued on behalf of a contractor and in
favor of the project owner to guarantee the full and
due performance of the contract.
Mobilization Advance Bond
This bond is issued on behalf of a contractor and to
secure the project owner, where the owner is pre-financing
a contractor by an advance payment on the contract.
Maintenance Bond
This bond is issued on behalf of the contractor and
in favor of the project owner to guarantee against defective
workmanship or materials after completion of the project.
|