Bonding

Surety bond is:

• A contract between three parties— the Principal (you), the Surety (insurance company) and the Obligee (the entity requiring the bond – municipality, ministry, state agency, operational program etc.) — in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond.

 • A form of collateral on EU public procurement contracts and operational programs

 • An alternative of the Bank Guarantee – does not block cash and does not impose distraints on Contractor assets

 

 We offer:

•  Choice between surety bonds of licensed local and international insurers, which guarantees you the best possible price and general conditions.

• We are at your side throughout the whole process – analyzing and consulting your about the product, negotiating the best terms for your bond, signing and operating the policy.

•  We work actively with the contracting authorities (municipalities, ministries, operational programs, state agencies, etc.) and we coordinate with them the wording of the policies.

•  We save time by doing the administrative work.

•  Our service is free of charge for the Principal (you).