SERVICING THE CONSTRUCTION INDUSTRY – ACROSS THE SPECTRUM/
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/
Lombard construction guarantees are a professional, third-party opinion of the contractor’s ability to perform and deliver successfully 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.
Every principal/employer has their own specific wording requirements for their construction guarantees. Lombard Construction Guarantee is able to provide a construction guarantee wording to suit our clients’ specific needs and to 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.
Countries where Lombard has established partnerships:
- Cape Verde
- Sierra Leone