Solutions for your most complex surety risks
In Spain, surety solutions help businesses navigate contractual, regulatory, and commercial requirements with confidence. By offering an alternative to traditional bank lines of credit, surety can help preserve working capital, protect borrowing capacity, and provide customized security aligned with an organization's unique needs.
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Surety bonds play an important role in facilitating business transactions by providing technical guarantees that contractual and regulatory obligations will be met. This added layer of assurance helps safeguard project owners, government entities, and other stakeholders when commitments are not fulfilled. Serving sectors such as construction, housing, energy, and professional services, surety solutions can be tailored to support a range of operational and risk-management objectives. Common bond types include:
Our products
Surety bonds play an important role in facilitating business transactions by providing technical guarantees that contractual and regulatory obligations will be met. This added layer of assurance helps safeguard project owners, government entities, and other stakeholders when commitments are not fulfilled. Serving sectors such as construction, housing, energy, and professional services, surety solutions can be tailored to support a range of operational and risk-management objectives. Common bond types include:
Bid/tender bond
Guarantees that a bidder will enter into the contract and provide the required performance security if their tender is accepted.
Performance bond
Guarantees that a contractor will complete a project in accordance with the agreed contract terms, or the bond will compensate the beneficiary for resulting losses.
Advance payment bond
Protects the beneficiary if advance payments made to a contractor are not properly used or the work is not delivered.
Retention bond
Replaces cash retention by guaranteeing that defects or outstanding obligations will be remedied under the contract.
Customs/deferred duty bond
Secures payment of customs duties, taxes, and compliance obligations on imported goods.
Housing bonds
Guarantees the reimbursement of advance payments made by purchasers to the property developer for the acquisition of real estate if construction does not commence or if the property is not delivered within the agreed timeframes
Connection to grid bonds
a legal obligation for renewable energy developers and storage facilities to apply for access to electricity production facilities.
Miscellaneous risk bonds
Guarantees required across a broad range of legal proceedings, deferred and instalment payment, grants, subsidies, arrangements for taxes, performance of private contracts
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Webinar • 03/05/25
Exploring the global risk landscape
Industry experts discuss the interconnectedness of risk around the globe and the future of the surety and construction industries.
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