A RANGE OF BONDS ADAPTED TO YOUR BUSINESS NEEDS
FOUR GOOD REASONS FOR COFACE SURETY BONDS:
- Facilitate access to public procurement contracts
- Protect the working capital and liquidity of companies
- Involve lower total costs for the insured
- The process of obtaining surety bonds is much faster
Surety bonds by Coface, a new product dedicated to companies involved in public procurement
Coface supports you with guarantee instruments that help you to take part in as many public tenders as possible in safe conditions.
We can provide help in securing procurement contracts with our offer of surety bonds namely:
ALL YOU NEED TO KNOW ABOUT COFACE BONDS
It is an instrument relating to the presentation of the tender, which aims to protect the contracting authority (Beneficiary) against the risk of misconduct by the tenderer (Insured) throughout his involvement in the award procedure.
The performance bond is constituted by the contractor (Insured) in order to ensure the contracting authority/entity (Beneficiary) the quantitative, qualitative fulfillment and within the agreed period of the sectoral contract/subsequent contract.