What is a Performance Guarantee?
Building contractors are often required to provide Performance Guarantees after being awarded a contract. Performance Guarantees provide the Employer with security should the Contractor not perform his obligations or complete the work, as agreed, in the construction Contract.
We offer affordable & flexible Performance Guarantees, with solutions for all segments of the civil & construction industry – from the small bakkie-builder, right up to large, national companies.
Get all the benefits of our Performance Guarantees:
FREQUENTLY ASKED QUESTIONS
What happens if the contractor fails to perform?
What documents should I have prepared for the application?
- Company profile (including an organogram and copies of the current and previous contracts)
- Two years’ financial statements and three months’ bank statements
- Letter of appointment
- Contract information
- Guarantee wording requirements
- Company registration documentation
- Copies of all members’ identity documents and income tax numbers
- Copy of letterhead
- Tax clearance certificates
- CIDB certificate
What will the Guarantor look at when assessing my application?
For Corporate Clients, emphasis is placed on:
- the financial standing of the Contractor
- the company structure and shareholding
- the Contract information
- the Guarantee wording requirements
- the securities available
MEET THE TEAM
Meet the experts who will guide you through the application process with ease. Our entrepreneurial clients need an insurance partner who understands the complex dynamics of the construction industry and the associated business risks. Our highly trained team offer expert advice, friendly service and products at exceptionally competitive rates.
Specialist Construction Consultant
Siphelele has a real passion for the Construction Industry. He’s able to quickly assess the needs of his clients and to expertly guide them toward choosing the correct policy. Thanks to his many years at CivilSure, he’s also able to quickly interpret and explain the ‘fine print’ in every policy.
BUT DON'T JUST TAKE OUR WORD FOR IT...
Take a look at what some of our customers have to say.
“The CivilSure team has changed my opinion of insurance brokers. Their professionalism and expert advice has helped me find the correct cover for my project. They’re a credit to the industry. Please accept my thanks for a job well done."
~ Khumo Ntlatleng
“CivilSure offers Guarantees that are easy to understand and most importantly, cost-effective. Their client service is excellent. They found us a guarantee solution which works for our entire operation. Their top-quality service and passion puts them one step ahead."
~ Anthony Voigt
FIND OUT MORE ABOUT GUARANTEES
THE LEGAL STUFF
CivilSure is a product of iTribe (Pty) Ltd | FSP Number - 49912
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