Contractors bonds
Bid, performance and advance mobilisation guarantees for your contracts.
Phoenix Bid Bond
For clients tendering for a contract. It guarantees the project owner (the principal) that you will stay in the bidding process until the contract is awarded, and that if you win, you will sign the contract and perform it. A performance bond is then issued.
Phoenix Performance Bond
For people or organisations who have been awarded a contract. It guarantees the principal, up to the bond value, that you will carry out the project to specification and on time. If you default, Phoenix Insurance pays the penalty on the bond.
Phoenix Advance Mobilisation Bond
Given when the principal advances money for you to mobilise resources for the project. It is our undertaking to refund the advance if, after receiving it, you default on the project.
Apply
Fill in the proposal form online, or download it and bring it to any branch.