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Guarantees and Bonds Limited is a proud member of BIBA, the UK's leading general insurance intermediary organisation.​ Authorised and regulated by the Financial Conduct Authority.

Registered office: Arlington House, Spital Road, Maldon, CM9 6FF

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Performance Bond

Helping you source the most competitive quotes from multiple providers

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects.

Performance bonds are provided to protect parties from concerns such as contractors being insolvent before finishing the contract. When this happens, the compensation provided for the party that issued the performance bond may be able to overcome financial difficulties and other damages caused by the insolvency of the contractor.