When signing a contract, it is essential to ensure that the obligations established therein are carried out in a timely manner. Doing this by means of a compliance bond is, without a doubt, the best option, since it works as a guarantee instrument that precisely ensures compliance with the agreement in the contract.
The compliance bond belongs to the branch of administrative bonds , which are normally issued for 10% of the total value of the contract in question. In order to process it, it is very important that the guarantor does not have debts in the Credit Bureau and has the necessary documents and guarantees.
By means of a compliance bond , the beneficiary can be certain that what is established in the contract will be carried out in accordance with the agreement, such contract can be either work, order, lease or purchase order.
In case of non-compliance with the provisions of the contract, the beneficiary of the policy may claim compensation for the damages that result, compensation that will be granted through the joint obligor involved in the issuance of the compliance bond .
Complete the form found on our website so that one of our advisors can contact you and provide you with all the information to start the process.
Collect the requested documentation to process a bond and present it in original and copy for the corresponding comparison.
Make the payment and complete the forms requested by the surety, from this point, the issuance of the policy will be in 3 business days.
We maintain alliances with the best bond companies in the country and we can offer you a wide range of products and services.