Bond Insurance
A Bond serves as a form of guarantee given by one party called the Surety (Insurer) that he should be held liable by another party called Employer or Principal in the event of yet another party called the Contractor, failure to fulfil or abide by the terms and conditions of the said contract or agreement.
Customs Bonds
Customs bonds provide guarantee to the Republic of Ghana (through Customs, Excise and Preventive Services -CEPS) who are the collecting agent), that an importer/exporter would pay all duties due on the imported/exported goods.
Bid Bonds
This bond is issued to guarantee that a bidder upon being declared successful will abide by the terms of the tender process to perform the contract without withdrawing from same
Performance Bonds
This bond guarantees that a particular service will be provided or a contract will be satisfactorily executed to the detailed specifications laid out in the contract or agreement between contracting parties.
Advance Mobilisation Bond
This bond guarantees the contractors use of funds advanced by the employer/principal for the prescribed purpose and further guarantees its repayment in the agreed manner.