Eases your financial commitments, while freeing your money to seize new opportunities.
What is Performance Bond insurance?
Performance Bond is furnish to the Owner or Principal or Employer of a contract to guarantee for the due performance and observance of the terms and conditions of the contractor’s obligations when a contractor undertakes a construction project.
Here is an overview of your coverage
This is for the Principal to ensure the contractor fulfils his contract:
Within the period specified
In accordance with the specifications in the contract
The amount guaranteed varies from 5% to 10% of the Contract Sum
This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.