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Guarantees

Lombard Construction Guarantee provides the construction industry with a comprehensive range of guarantee products, including:

  • Performance Guarantees
  • Bid Bonds/Tender Bonds
  • Advance Payment Guarantees
  • Retention Guarantees
  • Materials On-/Off Site Guarantees

Safeguarding Project Success

A Lombard guarantee is a professional, third-party opinion of the contractor’s ability to perform and successfully deliver on a specific contract. Legally speaking, as the provider of the guarantee, we become the contractor’s co-principal debtor, backing the contractor and giving the beneficiary peace of mind.

In-Depth Risk Assessment Creates Ideal 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.

We cater for standardised and employer-specific, bespoke guarantee wordings. All wordings issued provide the best protection to all parties involved.

Service Beyond Just Guarantees

Lombard Construction Guarantee’s affordable solutions and the flexibility of our product equip us to serve every segment of the construction market – from large established contractors to smaller contractors who might become tomorrow’s giants. Burdensome collateral requirements (if any) are kept to a minimum, and our products are underwritten by a team of experts who understand the dynamics of the construction industry.

CROSSING THE CONTINENT

We have formal and informal reinsurance agreements in place across the African continent.
  • Angola
  • Botswana
  • Cape Verde
  • Cameroon
  • Ghana
  • Kenya
  • Lesotho
  • Liberia
  • Malawi
  • Mauritius
  • Mozambique
  • Namibia
  • Nigeria
  • Rwanda
  • Sierra Leone
  • Swaziland
  • Tanzania
  • Uganda
  • Zambia
  • Zimbabwe