Performance Guarantee
Ensures that a party will fulfill contractual obligations, such as completing a project or delivering goods on time.
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Retention Guarantee
Ensures that funds held back as retention are used to address any issues or complete work as agreed.
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Payment Guarantee
Provides assurance that a borrower will repay a loan or credit, protecting the lender against default.
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Defects Liability Guarantee
Covers the costs of fixing defects or issues that arise after the completion of work, typically for a specified period.
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Bid Guarantee
Assures that a bidder will honor their bid and sign a contract if awarded, often used in procurement and construction projects.
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Advanced Payment Guarantees
ensure that if a seller fails to deliver after receiving an advance payment, the buyer gets their money back or compensation.
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