performance Bonds
Surety bonds issued by an insurance company or bank to guarantee satisfactory completion of a project by a contractor.
Contact Usexpert advice and value YOU CAN TRUST
Performance bonds are commonly used in construction projects to protect project owners from financial loss in case of contractor failure.
Our team specialises in securing you the right bond for your specific needs, so that you are adequately protected and supported through the process.
We will walk you through why you need a performance bond, the different types and which is most suitable for you, the costs and application process, and how quickly it can be put in place and for how long.
Why use LBB for your performance bonds?
- We are FCA regulated
- Our application process is simple and streamlined
- You have a dedicated point of contact from first enquiry to placement
- We speak the language of the surety providers, providing expert consultancy
key facts about performance bonds
available if a contractor fails to meet their obligations
offers comfort to funders while delivering assurance of project completion
the owner does not need to incur additional costs
real alternative to bank bonds and letter of credit
protects developer funds
enhances contractors' credibility
