Insurance Surety Bond

The insurance surety bond is a contract whereby the guarantor undertakes to the creditor who accepts to perform the debtor's obligation if the latter fails to do so.Suppliers of the state involved in public procurement are obliged to guarantee production of several types:

  • Bid bond
  • Deposit of advance payment
  • Completion bond
  • Money rentention bond
  • Customs and Export credits bonds.

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