Surety Bond banner

Surety Bond Product Info

Surety Bond

Provide guarantees to the Work Owner (Obligee) against default arising from the non-fulfillment of obligations by the Actor for a job (construction / non-construction) within the period specified in the contract.

User (Insured)

State-owned or private company Construction and non-construction entrepreneurs participating in the package of goods and services procurement.

Benefits of Surety Bond

Benefits of Surety Bond

For the Principal

Principals can get Suretyship guarantees quickly, easily and at a relatively low cost, collateral / collateral is not the main requirement in obtaining a guarantee

Share Obligee

-Easy in the process of disbursement if the Principal Default -Suretyship / guarantee from Askrindo gives guarantees to the obligee that the projects managed / owned by the bond will be implemented and completed according to the contract agreed

Surety Bond Feature

Fitur Produk

1
1

Surety Bond Type (Construction & Non Construction)

  • Bid Guarantee
  • Appeal Rebuttal Guarantee
  • Performance Bond
  • Advances Payment Bond
  • Progress Guarantee
  • Maintenance Bond (Maintenance Bond)
  • Payment Guarantee (Payment Bond
2
2

Time period

The guarantee period is in accordance with the employment contract

3
3

Indemnity Value

The compensation calculation mechanism is a penalty system or indemnity maximum of the value of the guarantee.

List of Business Products

Choose Askrindo Insurance Products According to Your Business Needs

Multipurpose Credit Insurance

  • Provide credit coverage for individuals or business entities that do not meet the Bank's technical requirements (non-bankable) but are feasible to be financed.

Trade Credit Insurance

  • Trade Credit Insurance Provides coverage to the manufacturer / distributor because of the possibility of failure to pay a number of trade credit receivables by the buyer.

Surety Bond

  • Provide guarantees to the Work Owner (Obligee) against defaults arising from non-fulfillment of obligations by the Work Executor.

Cons of a Bank Guarantee

  • Memberikan jaminan dalam bentuk kontra garansi atas fasilitas bank garansi yang diterbitkan oleh Bank kepada Principal apabila Principal mengalami wan prestasi dalam pelaksanaan pekerjaannya.

Custom Bond

  • Provide guarantees to the Directorate General (Ditjen) of Customs and Excise for the risk of not being settled obligations by the Exporter / Importer

Product Bottom

Perlindungan yang dapat dapat kamu tambahkan untuk kebutuhan bisnis anda

Beli Produk

Donec rutrum congue leo eget malesuada. Curabitur aliquet quam id dui posuere blandit.

Coming Soon

Bandingkan Produk

Donec rutrum congue leo eget malesuada. Curabitur aliquet quam id dui posuere blandit.

Coming Soon