BID BONDS
If a contractor enters business rescue after submitting a bid, stakeholders must confirm whether the bid is still valid and whether the contractor can fulfill it under supervision of the BRP. We provide guidance to protect project owners and contractors during this uncertainty.
Advance Payment Guarantees
In cases of financial distress, this guarantee ensures that advance funds remain protected. If the contractor fails to deliver due to insolvency risks, the employer can recover the funds under the guarantee.
Performance Guarantees
These guarantees protect the client if performance is affected during business rescue. Should the contractor fail to meet obligations under a rescue process, the guarantee ensures the client’s financial exposure is minimized.
Retention Bonds
During business rescue, cash flow constraints often worsen. A retention bond allows the contractor to receive full payments while still ensuring the client is protected if defects arise during the defect liability period.
Contractor's All Risk (CAR) Insurance
If a company under rescue continues operations, CAR insurance ensures that
the project remains protected against physical loss or damage, reducing the
risk of further financial strain during restructuring.
Our Value Proposition
We provide both financial security instruments and business rescue advisory support, making us uniquely positioned to help clients:
- Protect project funds and enforce contract performance.
- Navigate the financial risk when a contractor becomes distressed.
- Support businesses seeking to restructure and avoid liquidation.
In essence, we safeguard projects, stabilize distressed businesses, and protect the interests of all stakeholders involved.