In the daily running of your business, it is necessary to have securities providing sufficient back-up for your construction bonds and guarantees. Hollard Botswana’s Construction Bonds and Construction Guarantees will assist your business to maintain and fulfil your contractual agreements.
Bid Bonds/Securities – undertaking to issue a guarantee where the contractor is awarded the contract
Advance Payment Guarantees – guarantee to repay the employer should the contractor use the advance other than for the purchase of the contract materials
Performance Guarantees – guarantee that the contractor will perform the work as specified in the contract
Retention Guarantees – guarantee that the contractor shall provide repairs and/or maintenance for a specific period
Materials On/Off-Site Guarantees – guarantees ownership to the employer where the contractor fails to build the materials into the contract works
Customs and Excise Bonds – guarantee that the contractor shall re-import plant and equipment used for neighbour state contracts