We offer the following products:
Performance Bond
This bond provides a guarantee for the fulfilment of a contract. e.g. Surety provider will pay an Employer damages in the event of contractual non performance.
Our performance Bond is suitable for medical reporting organisations (MROs) guarantee to MedCo for registration process with MedCo as a Tier 1 or Teir 2 agencies.
MedCo requires a Bond of £20,000 for Tier 2 /Regional Level and £100,000 for Tier 1/High Volume National Agency MROs.
Retention Bond
A bond offering some protection in the event of a job/project being incomplete or carrying defects after payment has been made: this guarantees that a Contractor must complete all necessary aspects of the work and correct any inaccuracies.
Advance Payment Bond
A bond which guarantees upfront payment to a Contractor: usually used to alleviate cash flow restrictions by purchasing materials necessary for the completion of a project.
Duty Deferment Guarantee / VAT Guarantee
This bond guarantees payment in favour of the HMRC in the event that VAT payment is deferred by businesses until goods or services are sold.
Deferred Payment Bond
A bond which guarantees that a future payment will be made: often used to ensure security and ease negotiation stress in large transactions eg. Purchase of a business property or business sale