Steven Lewis
Joint Practice Leader, Marsh UK Surety
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United Kingdom
Companies in the construction and engineering industries will often need to provide their clients with performance bonds and other third-party guarantees to ensure contractual obligations are met.
The ability to provide such bonds and guarantees can be a critical differentiator when bidding for contracts, and failure to provide a bond can ultimately lead to disqualification from the bidding process.
Marsh’s Surety practice has the experience, expertise and insurance market relationships to ensure clients have sufficient bonding capacity at competitive terms.
Types of Bond
Bonds can be provided by banks or insurance companies. Banks will only provide unconditional on-demand bonds which are independent instruments and do not provide any protection of the underlying contract conditions. Using banks for the provision of bonds will also impact working capital headroom.
Please contact us today to find out how we can help with your surety requirements
Marsh has access to the entire regulated surety market and can approach the most appropriate surety companies for the bond or bonds. Our team of surety experts provides a range of services, from arranging bond capacity, to providing advice on bond and program documentation wordings.
Joint Practice Leader, Marsh UK Surety
United Kingdom
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