Surety

Surety

  • Contact Us
    • The Chartis Building
      58 Fenchurch Street ,
      London EC3M 4AB

      Tel: 020 7954 7000

      Fax: 020 7954 7001

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Surety

High value contracts, whether relating to construction projects, information technology installations, bonded goods or other services, represent high risks for those financing them. The implications of the project not being completed on time or not at all can spell disaster for the companies involved when large sums of money are at stake.

Clients may require contractors, engineers and service providers to protect their own clients, both public and private. Public sector funding for major international infrastructure projects may require that the financers are protected against the risk of non-completion of the underlying contract. In turn, the complexity of such projects sometimes means that the joint venture partners have to cover themselves against the failure of their specialist partners. 

Chartis provides surety bonds to protect companies against these issues, as well as customs and other non-contract bonds. These guarantee that funds are available in the event that a company is unable to fulfill its contractual obligations.

Our experienced teams work closely with our clients, conducting financial health checks before establishing surety bonds facilities. As speed of arrangement is sometimes critical, we have the ability to issue bonds in the UK and overseas at very short notice.

Market

Multinational companies and companies engaged in major joint venture project works.

Chartis Offerings