If you run a contracting business, there may be times when you need to show your credibility or provide extra assurance to your clients. Our bonds and guarantees options are here to help you do just that.

Advance Payment Guarantee (APG)

• If your contract employer pays you in advance, we’ll make sure those funds are protected if things don’t go as planned.
• Win more contracts and boost your profits.
• Helps you provide assurance that the work completion milestone as agreed will be attained.
• No collateral needed.

Performance Guarantee

• We stand behind your commitment to deliver, so your project owner knows the work will be done on time and as agreed.
• Give your project owner peace of mind that everything will be finished on schedule.
• A bank guarantee gives your project extra credibility.

Bid/Tender Bond

• We give project owners confidence that you’ll start and finish the job at the price you agreed.
• Make sure everyone’s expectations are met from the start.
• Stand out from the competition when you bid.
• Encourage fair and realistic bids from everyone involved.

Required Documentation

• Contract / Term sheet.
• Draft Guarantee document.
• KYC documentation on Account openings.

Terms and Conditions

• We can only guarantee contracts that are genuine and valid.
• If a lien is placed on your advance payment, we’ll let you know what that means for you.
• Guarantees are available for up to one year.
• If you’re applying for a performance guarantee, please be clear about the work you’ll be doing.

How to apply

Just send a formal request letter to your Relationship Manager at any FCMB branch and we’ll take it from there.

If you don’t have an FCMB business account yet, you can open one today.