There are many type of BONDS:

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Bid Bond: a guarantee to participate in tenders;

Advance Payment Bond: guarantee for the correct use of advances and subsequent economic advances of the awarded contracts;

Performance Bond: guarantee of good execution of contractual obligations, including good execution of the supply and / or contract;

Retention Money Bond: guarantee to replace the security deposit;

Credit Facilities Bond: guarantee of reimbursement of public funding for contracts or works already awarded.

 

Financial Guarantees are used to participate in public announcements or tenders to ensure the good

execution of installations or supplies of various kinds (contracts or subcontracts) towards public authority or state administrations, as well as to guarantee contracts between private individuals.

Facilitate commercial and / or contractual transactions with foreign countries: the guarantor undertakes on behalf of his client (exporter or importer) and for a certain period of time, to pay at first request, unconditionally and irrevocably, an amount to a foreign company or beneficiary, after receiving a declaration of default (request for enforcement) sometimes accompanied by one or more supporting documents.

All sectors are concerned, the guarantees they are aimed at all businesses, companies, ATI, Joint

Ventures (whether based in Italy or abroad) who already operate in exports, or who would like to access foreign markets in macro sectors such as plants, mechanics, construction, transport, electronics, chemicals and more.