Advance Payment Guarantees

Advance Payment Guarantees

This type of bond is prescribed when the principal agrees to advance payment to the Contractor for

works not yet executed in order to improve he Contractor’s cash flow. The payment is recovered from

payments due to the Contractor in interim certificates until the debt is extinguished. Advance Payment

Guarantees are usually issued in conjunction with Performance Bonds.

Quick response time.
Years of experience.
Friendly staff that can help with your insurance needs.

Advance Payment Guarantees Quote Request