Construction insurance
Surety bonds
Replacing a cash deposit or a retention with a surety bond.
The essentials
Retentions, advance payments, deposits: many contracts tie up cash. A surety bond can replace them.
We help you identify the situations where this solution is relevant and organise a surety facility.
The situations concerned
- Large retentions on your invoices.
- Advance payments to be guaranteed in favour of clients.
- A need to free up cash.
How we support you
- An inventory of your guarantee needs.
- Setting up a suitable surety facility.
- Administrative follow-up of the guarantees issued.
Before deciding
Points to examine
- 01The type of guarantee requested.
- 02The cost compared with tying up cash.
- 03Any collateral the guarantor may request.
How it works
How we move forward together
- Step 1
Understand the project
Type of works, parties involved, timetable and contracts: we start from the actual project.
- Step 2
Allocate the risks
Who insures what between the project owner, contractors and consultants? We clarify responsibilities.
- Step 3
Put in place
Covers and guarantees are placed before work starts, with checked documents.
- Step 4
Follow the site
Amendments, changes to the timetable or the amount: the arrangements follow the progress of the works.
- Step 5
Close
Handover, end of guarantees and retention of the relevant documents.
Frequently asked questions
Your questions
What types of guarantees are possible?
Advance payment, performance, defects liability: the terminology varies depending on the contracts and the reference standards.
Do we need a standing facility?
If you have regular needs, a facility simplifies issuance. For a one-off need, an individual guarantee may be enough.
Does the guarantor ask for collateral?
It depends on the financial situation of the business and the amount requested.
How long does it take to obtain a guarantee?
It depends on the file and the guarantor. It is better to plan ahead than to wait for the contract to be signed.
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Let’s talk about your business.
A first conversation to understand your situation, with no obligation. Call us or write to us.