Advance / Stage Payment Bonds
A guarantee in favour of a customer to provide security for monies which have been paid in advance of the goods or services being provided.
Bond Sector
For companies of limited liability trading status, particularly those in the engineering sector.
Bond Criteria
- Established companies with a three-year track record who can demonstrate appropriate financial resources and management expertise to undertake their contractual obligations. Consideration given to MBOs.
- Services can be provided on an ongoing facility basis or a specific contract.
- Open to intermediaries.
- Commission variable.
Further Links
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Euler Hermes Group
