Through our consultation process for your performance bonds we come to understand the requirements of each individual and create a package that truly protects the client against any future risks. It is this quality of service and tailored advice we provide that has allowed us to be short-listed amongst thousands of competitors for a range of prestigious industry awards.
Inspire Bond Services are a leading provider of Bonds to the construction industry throughout the UK & Ireland. We are able to source highly competitive quotations from multiple providers ensuring our clients receive the best possible terms at all times. Many brokers simply do not understand the complexity of Performance Bonds which is why we have a dedicated team of professionals who can help guide you through the process. Call now to speak to one of specialist Bond Brokers.
A performance bond, some times called a contract bonds, are a surety bond issued by an insurer to guarantee completion of a project by a contractor. A job requiring a payment and performance bond can also require a bid bond, to bid for the job.
The most common type of Bond we are asked to place is a Performance Bond, these bonds are some times called a contract bonds. A Performance Bond provides the employer with between 10% and 20% of a contract value in the event of a contractor or supplier failing to perform to the agreed terms. Any company can use Performance Bonds or contract bonds, but they are much more common in the construction or service industry sectors.
We are able to quote any size of bond with the most competitive terms often without the need for any cash collateral. We can provide Bonds on either standard ABI wording or can have the employers wording agreed if required.
Our knowledgeable staff have over 50 years combined experience in the performance bond service industry, which has allowed us to provide an expert service to all our clients since we began trading. Our company is unique in the fact that all our brokers aim to secure the best deal as part of a bespoke insurance package for both commercial and private clients.