Services · 02
A surety bond guarantees that a contract will be honoured. The beneficiary gets the same protection as with a bank guarantee, and the client keeps its credit lines and cash free. FIRMA delivers surety through PTMGA, its managing general agent registered with the ASF, on behalf of rated insurers and reinsurers.
Required to take part in public and private tenders. It shows that the bidder is serious and will sign the contract if it wins.
Guarantees to the contract owner that the works or services will be delivered as agreed. If the contrator fails, the beneficiary is compensated up to the amount of the bond.
Protects the advance a contract owner pays before the work begins. If the contract is not fulfilled, the advance is returned.
Covers the obligations of builders and developers towards buyers and third parties, such as deposits paid before a property is delivered.
Guarantees debt obligations, such as loans and leases, giving the lender added security.
Guarantees payment obligations to suppliers and beneficiaries, and protects lenders and trade financiers against a borrower's or buyer's failure to pay.
Guarantees the payment of duties and taxes to customs authorities, so goods can clear without cash deposits.
Protects a company against losses caused by fraud or dishonest acts of employees or agents.
Covers losses from government actions such as expropriation, contract cancellation or currency restrictions, in markets where these risks matter.