Performance Bonds

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What is a Performance Bond?

Performance bonds are a specialised type of surety bond. They guarantee against one party failing to meet their obligations on time, or to an agreed level of performance. The performance bond protects against, for example, a contractor failing to carry out their contracted work to acceptable timing or standards.

Who Takes Out a Performance Bond?

Usually, contractors take out performance bonds. This is often the case when contractors undertake public work projects that need to meet certain standards.

What Does a Performance Bond Cover?

What a performance bond covers depends on the project. They can protect against failing to complete the project overall. They also cover the non-completion of the project to an agreed level of performance.

    Additional Types of Bonds

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    Retention Bonds

    Road & Sewer Bonds

    Advance Payment Bonds

    What We Offer

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    Specialist bond advisers throughout the process

    Every bond assessed individually

    Competitive rates from top insurers

    Get a Quote

    Fill in the form below and our team will be in contact shortly to give you a quote.

    To get a quote for your performance bond there are many factors that we need to access. The forms below will help you to provide all these details, such as your company financial information and history and the details of the project. 

    If you have all these details ready and availible please download and complete all the forms below and send them to bonds@alternativeinsurancebrokers.co.uk.

    General Information Form

    Application Form

    Bank Information Form

    Surety Bonds FAQs

    Who does a Performance Bond involve?

    A bond will involve the following three participants:

    The Surety The Principal The Obligee
    Entity providing guarantee Contractor / You The party who requires the bond

    What other types of Surety Bonds are available?

    Advance Payment Guarantee Duty Deferment Purchase Guarantee
    Bailiff Bond Road Bonds Reinstatement Bonds
    Completion Guarantee Landfill Bonds Remediation Bond
    Construction Guarantee Materials Supply Rent Deposit Guarantee
    Contract Guarantee Payment Bond Rent Guarantee
    Deferred Payment Guarantee Payment Guarantee Restoration Guarantee
    Deposit Protection Pension Bond Retention Bonds
    Development Bond Performance Bond Sewer / Water Bond
    Warranty Bond

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