Supply Bond

Summary

Supply bonds are similar in intent to performance bonds. They are issued for contracts to supply materials, goods, machinery at a specified time and place.

  • Risk Covered
    • Delay, termination of supplies

  • Key Points
    • Supply Bond 10-20% of Total Contract Value

  • Information Required
    • Profile of the Company & Contractor List of contracts completed in 5 years
    • Certificate of Engineering Council
    • Bank statements, Balance sheets
    • Nature/ Location of Project

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