Ledge Finance

Surety/Performance Bonds

Surity Performance Bonds

A Surety Bond is an alternative to a Bank Guarantee which is provided by a bank to guarantee the payment of an agreed amount to the principal in the event of default by a contractor.

Unlike Bank Guarantees, Surety Bonds are not secured against the assets of the contractor. They are underwritten by Insurers and whilst they require payment of an upfront premium, this can be financed in the same way as other insurance premiums.