A bond or guarantee whereby a surety or guarantor guarantees the delivery of a contract and promises to pay the damages sustained by an Employer in the event of a breach of contract by a Contractor.

A bond or guarantee in lieu if a cash retention, improving the cash flow of the contractor whilst maintaining an appropriate level of security for the employer in the even that the retention needs to be claimed following a breach of contract.

A bond or guarantee providing security in support of an advanced payment made under a contract.  In the event that the contractor breaches the contract or does not deliver the goods or services promised to the employer, the guarantor shall reimburse the advanced payment in full to the employer.

The surety or guarantor enter into a legally binding agreements for works under highways, water and planning acts in favour of local authorities or utility companies in support of the contractor or land owner’s obligations under the agreement. These typically include section 104, section 38 and section 278 bonds.

A surety backed alternative to a traditional bank letter of credit.  It provides the same financial security to beneficiaries but without tying up capital or impacting banking facilities. 

Ensures employers meet their pension scheme obligations, providing security to trustees and protecting employees’ retirement benefits.

Guarantees that payments made for materials stored or manufactured off-site are safeguarded and the materials will be delivered as agreed.

Guarantees that land used for landfill of construction is properly restored and reinstated in compliance with regulatory requirements.

Ensures business comply with environmental obligations covering costs related to pollution control, waste management and land restoration. 

A guarantee provided in favour of HMRC that allows importers to easily defer customs and duties, providing a cash flow advantage.