Guarantee Performance Bond

According to the criteria set by the Public Prosecutor's Office, and in cases where financial solidification between the parties is required, SIGMA  VIG provides the Contract Guarantee.

Security Object: Guarantee of one party to the other party for termination of the contract without violating the agreement.

Insurance period: According to the contract period.

Insurance sum: The Public Procurement Agency usually requires that this amount be 10% of the contract value.

Insurance risks: If the insured does not meet the terms of the contract within the specified time limit, the insurer pays the contractor the amount of insurance.

Fees: Competitive and variable depending on the financial security the contractor has.

Competitive advantages: 

• Support from serious reinsurers;
• Speed in conducting insurance procedures;
• Professionalism in risk assessment.