You need a facility in place before you can take out a guarantee. It is set up once, then every guarantee draws on it, up to your approved facility limit.

Facilities are subject to underwriting. Guarantees are issued by the guarantor, an insurer, not by CivilSure.

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The term Performance Bond is often misleading, leaving contractors confused about the difference between a performance bond and a performance guarantee.

The information on this site is general product information and is not advice.

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Glossary

Payment certificate

The document certifying how much is due to you for a period of work. Retention is normally deducted from each one before payment.

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