Bonds & Guarantees
The guarantees that help you win contracts — and give your clients the confidence to award them.
Our Bonds and Guarantees service is a testament to our commitment to facilitating seamless business transactions and fostering trust in the marketplace. Designed for a diverse range of industries, our bond and guarantee solutions provide a solid foundation for financial security and the fulfilment of contractual obligations.
Government departments, parastatals and private employers routinely require contractors and suppliers to provide a guarantee before tenders are considered or contracts are signed. An insurance bond provides that guarantee without tying up your working capital or bank facilities in cash security — leaving you free to take on more work.
Whether you are a contractor seeking performance guarantees or a business requiring bid bonds, Symmetric tailors its solutions to your specific needs. We prepare your submission to insurers, help you present your financial and technical track record clearly, and work to tight tender deadlines so that a bond is never the reason you miss an opportunity.
What we can arrange
Cover options at a glance.
Exact terms, limits and exclusions vary between insurers. We’ll walk you through the details of every option before you decide.
Bid bonds
Assurance to the employer that you will honour your tender and sign the contract if selected.
Performance bonds
A guarantee that the contract will be completed in line with its terms.
Advance payment guarantees
Security for an employer who pays part of the contract value up front.
Retention bonds
Release of retention monies early, replaced by a bond for the defects period.
Customs & clearing bonds
Guarantees required by customs authorities for duties on goods in bond or in transit.
Why Symmetric
More than a policy. A partner for the life of your cover.
We compare the market
Your requirements go to insurers whose appetite and capability fit — and we negotiate on premium, excess and terms.
We explain it plainly
No jargon, no hidden clauses. You’ll know exactly what is covered, what isn’t, and what to do if something happens.
We stand by you at claims
From the first call to final settlement, we manage the insurer on your behalf and push for a fair outcome.
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