Bonds
Providing financial security when a guarantee is required.
Bonds provide a financial guarantee that certain contractual or financial obligations will be met. They are commonly used for contracts, tenders, advance payments and customs requirements.
Types of Bonds we offer
Immigration Bond
This is a guarantee required by the Immigration Department / Government from you as a security deposit for foreigners.
Performance Bond
Provides protection if a contractor is unable to complete the work agreed under a contract (due to workers on strike, bankruptcy or liquidation)
Advanced Payment Bond
Protects advance payments made by the principal to a contractor, if they are unable to complete the agreed contract work as per the agreement.
Tender Bond
Provides protection if a successful bidder withdraws after being awarded a contract.
Custom Bond
Covers the duty payable on goods and services while in bonded warehouses.
