The Requirement for a Performance Bond is commonplace in most Commercial Contracts, particularly Construction. Obtaining Performance Bonds and Guarantees from Traditional Sources is sometimes Difficult, Time-Consuming and Frequently Ties Up Working Capital. CHJ Management understands these problems and makes the Issuing of Surety Bonds and Guarantees as simple as possible without the need to Tie Up Valuable Cash Resources.
There can be Confidence Issues in any Commercial Transaction. Performance Bonds can resolve some of these Issues and assure the Integrity of the Transaction by way of Third-Party Surety, giving the required Level of Confidence and Comfort to Commence and Successfully Conclude Commercial Contracts. A simple Performance Bond is normally put in place to provide Comfort and Protection to the Employer (Beneficiary) as a Requirement of the Contract.
The Tripartite Agreement contracts a Third-Party Surety to Financially Stand behind the Obligations of the Client (Bondholder / the Party contracted to fulfil the Contract) in case of Failure to Perform. The requirement for a Performance Bond is becoming commonplace in many Commercial Contracts particularly Construction.
CHJ Management understands these problems and makes the issuing of Surety Bonds and Guarantees as simple as possible, often without the need to Tie Up Valuable Cash Resources. Companies are turning to Conditional Performance Bonds and Guarantees in preference to Bank Guarantees for a Number of Reasons; Performance Bonds can often have a very Positive Effect of Cash Flow; They can be arranged very quickly and they do not impact on Credit Facilities with the Bank.
CHJ Management offers the Fast Track to the Provision of Surety. We have been successfully arranging Performance Bonds for Clients of our Professional Intermediaries for Many Years. Our Experienced Team will be pleased to help you.