Performance guarantee provides the client with protection against the risk that the supplier or contractor will not properly fulfil contractual obligations.
It is an essential requirement in construction, supply and service contracts, especially in public procurement.
A work performance guarantee protects the client if the contractor fails to meet contract terms, misses deadlines, or performs work of poor quality. It helps avoid financial and reputational risks.
The guarantee is often a mandatory condition for participating in state, municipal, or private tenders. It confirms the company's ability to take responsibility. Additionally, we offer civil liability insurance and property insurance and ensures a professional reputation.
If work is not completed or is of poor quality, the client receives compensation to cover losses. This helps prevent financial losses and project delays.
If problems arise with work performance, the guarantee provides financial resources for defect correction or ensuring contract fulfilment. This reduces legal burden and risks.
The asphalt in the new parking area deformed after the first rainy season, creating potholes and water pooling. The guarantee policy covered levelling and surface replacement costs of around €11,500, reducing legal and financial risks for the business.
After handover, localised thermal insulation defects were found in the production building. The work performance guarantee would cover repair costs of around €14,000, allowing the client to receive a fully functional building without additional payments.
Defects were discovered in the office electrical installation that could pose a fire risk. The guarantee policy would cover repair and material costs of around €10,000, ensuring a safe working environment and fulfilment of contract terms.
The client discovered cracks and paint runs on the facade finish shortly after handover. The work performance guarantee would cover repair and material costs of around €12,500, guaranteeing quality and fulfilment of contractual obligations.
Fill out the application form. It will only take a few minutes
We process your request and send you offers to choose from
You can pay for the selected policy using the convenient payment system
After payment, the policy will be sent to your email. Everything is done remotely
The guarantee covers losses for the client if the supplier fails to fulfil the contract, delays work, performs work incorrectly, or refuses to complete the project.
It is needed by construction contractors, suppliers, service providers, as well as all companies participating in public procurement.
Most commonly 5 - 10% of the contract value, but depending on the procurement or client requirements, it may be higher.
If documents are prepared, the guarantee can be arranged within 1 day. In more complex cases: within 2 - 3 business days.
The price depends on the contract amount, the company's financial situation, guarantee term, and risk level. Agento prepares several offers for comparison.
Yes, Agento's services are free. We receive compensation from partners, not from the client.
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