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Services : Professional : Bonds

This policy covers the principal contractor against non-delivery. The obligation is such that if the contractor(s) shall be unfaithful in respect to compliance with all terms and contributions of the contract on his/their part to be kept and performed so far as the same is/are legally enforceable against him/them, the surety shall satisfy and discharge the damage sustained by the principal thereby up to the amount stated in the Bond.

The different types of Bonds available are:

  • Performance Bond
  • Advance Payment Bond
  • Credit Bond
  • Bid Bond
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