Surety program tailored tailored to your needs
Champions Knows Surety Bonds & Guarantees
Whether you’re an individual seeking a particular type of bond or guarantee, or run a business with a variety of bonding requirements, Champions can provide a surety program tailored to your needs.
Surety Bonds & Guarantees provided by Champions
- Bid Bonds
Covers the employer during the bidding process, and guarantees that the bidder abides by the conditions of the tender
- Advance payment guarantee
Covers the employer for the prepayment of monies advanced to the contractor.
- Performance guarantee
Covers the beneficiary against the risk of the contractor not fulfilling his contractual obligations in terms of the contract.
- Performance guarantee
Covers the beneficiary against the risk of the contractor not fulfilling his contractual obligations in terms of the contract.
- Retention guarantee
Replaces monies ordinarily retained by the employer until project completion.
- Payment guarantee
Covers the supplier of goods and services against non-payment by the buyer.
- Material onsite
Offsite guarantee, which covers the employer for the value of materials stored either on or off site by the contractor.
- Utility payment bond
Covers the principal for the deposit or payment of monthly accounts on an electricity or water account, should a company fail to pay their bill.
- Utility performance bond
Covers a state-owned utility provider against the risk of the contractor not fulfilling his contractual obligations in terms of the contract.
- Customs and excise bonds
Covers businesses involved in import, export, manufacturing, sales or distribution of goods.
- Court and administrations bonds
Included both liquidation bonds and deceased estates.
