Guarantee Performance Bond
SIGMA VIG provides reliable and prompt Contract Guarantees, in compliance with the criteria set by the Public Procurement Agency. This type of insurance is a key element in public procurement processes, ensuring the financial protection of the parties involved in the contract.
What is a Contract Guarantee?
A Contract Guarantee is a form of insurance that secures the fulfillment of obligations by one party towards another under a specific contract. It is typically required when financial collateral is needed to safeguard the interests of the contracting authority.
Scope of the Insurance
The purpose of a contract guarantee is to ensure that one party fulfills its obligations in accordance with the agreement, without breaching the stipulated terms and conditions.
Duration of the Guarantee
The guarantee period corresponds to the duration of the contract itself, as defined by the agreement between the parties.
Insurance Amount
According to the rules of the Public Procurement Agency, the insurance amount for a contract guarantee is generally 10% of the total contract value.
Covered Risks
In the event that the insured party fails to meet the contract terms within the agreed period, SIGMA VIG undertakes to compensate the other party through the payment of the guarantee amount.
Contract Guarantee Premiums
We offer competitive rates for contract guarantees, determined based on:
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The financial stability of the contracting company
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Previous cooperation history
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The value and duration of the contract
All assessments are carried out professionally and transparently.
Why choose SIGMA VIG for your Contract Guarantee?
Our competitive advantages:
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Backed by reputable international reinsurers
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Fast procedures and efficient documentation processing
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Professional expertise in risk assessment and management
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Reliability and transparency at every step of the process
Do not waste time – secure your contract with a trusted partner!
Contact us today for a personalized offer:
Tel: +355 69 407 3849
Email: kontakt@sivig.al
Visit: www.sigma.al
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General Conditions