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Lombard Guarantee General & Commercial provide unique guarantees on a contract by contract basis. With the increasing need for guarantees to give employers (beneficiaries) peace of mind, the need for non-traditional solutions that permit the contractor to perform under the contract has increased too. For this reason, Lombard has created a Niche Contract solution which looks to understand the underlying contract, triggers for non-performance and creates a guarantee wording to compliment your underlying contractual obligation with your employer.
The guarantee solutions which can be provided, linking to the underlying contract are;
- Advance payment guarantees
- Performance guarantees, and
- Retention guarantees
All of these solutions assist your business in:
- Freeing up capital to improve your project cash flow
- Increased comfort to employer
- Cash positive from day one
Although these guarantees are often once off for a particular contract, Lombard is dedicated to forming long standing relationships with our clients, becoming business partners, understanding your business and creating solutions to strengthen it.
If you are unsure as to whether Lombard can provide you with a guarantee solution, contact us and our experienced underwriters will be able to advise you.