Provided by Surety

Advance Payment Bonds

Get your building projects moving with the security of TMHCC’s advance payment bonds.

Contractors are often advanced sums of money by a client in order to source and secure the necessary material to get a building project started.

To protect that payment, the acquisition of a bond is often agreed at the negotiation stages to ensure that should the contractor become insolvent or the project left incomplete, the client’s advance is protected. Normally the amount of the bond equals the sum advanced.

Best for

  • Main Contractors
  • Sub-Contractors
 

Highlights

  • Facilitates payments to contractors prior to work being done. This is vital for contractors’ cash-flows in circumstances when there are significant costs of mobilisation on projects or where it is necessary to pre-order particular materials or goods with long lead-in periods 

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Surety Europe
Surety Europe

For all European business enquiries, contact us on this email.

Surety UK
Surety UK

For all UK business enquiries, contact us on this email.

Guides & resources

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Surety Ireland Brochure

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Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

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