SPECIALISED SERVICES FOR THE ENERGY INDUSTRY/
Lombard Guarantee is the only guarantee provider in Africa with a specialised team for the energy industry. The team provides a comprehensive range of guarantee products for EPCs, subcontractors, suppliers and other players of the energy industry. Some of these products include:
- Performance Guarantees
- Bid Bonds/Tender Bonds
- Advance Payment Guarantees
- Retention Guarantees
- Operation and Maintenance Guarantees
- Customised products
SAFEGUARDING PROJECT SUCCESS/
Our set of services assist your company in freeing up cash flow, allowing you to use capital more efficiently to decrease the execution risk of your projects.
Our guarantees only back the best contractors in the industry, providing third-party opinion of the contractor’s ability to perform and deliver successfully on a specific contract, giving the beneficiary peace of mind.
Furthermore, our financial strength and long term commitment to the industry provide an additional level of risk protection for beneficiaries with contracts in difficult moments.
IN-DEPTH RISK ASSESSMENT TO IMPROVE RISK PROTECTION
Our legal, technical and financial expertise allows us to thoroughly assess and price the risks associated with guarantee liabilities. We follow a rigorous, step-based approach that explores every aspect of a contractor’s ability to perform against a contract.
This detailed assessment allows us to take an informed view of the energy project when underwriting, translating into several benefits for our clients:
- We consider risks that competitors wouldn’t take on. Our guarantees cater for companies from all segments of the industry, from smaller specialised contractors to established blue chip companies
- We follow a more commercial, business-friendly approach to setting up the guarantee facility
- We understand the changing needs of our clients and adapt our facilities accordingly
- We charge competitive rates
Every principal/employer has their own specific wording requirements for their guarantees. Lombard Guarantee is able to provide an energy guarantee wording to suit our clients’ specific needs and to provide the best protection to all parties involved.
ONE-STOP-SHOP FOR YOUR PROJECTS IN THE CONTINENT
Through our network of formal and informal reinsurance agreements, we are able to simplify guarantee transactions for your projects across the African continent.