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Pre-approved Guarantees

The best way to be able to obtain a guarantee quickly is to have a PLAFOND, a pre-approved line of guarantees.

The insurer studies the company’s financial situation and assesses its risk by setting a capacity limit.


Pre-approved Line of

This product requires the pre-approval of a sum total of guarantees, for which a complete economic and financial documentation of the company must be submitted.

Once the Plafond is approved, the businessperson can obtain the policy more quickly as the company is already valued. The company requests the amount it would need for each type of guarantee and the insurance company fixes the amount for each guarantee.


Plafond Lines

Fast issuing
of guarantees

We study surety bond policies with a duration of more than 5 years.

Speed in

This allows you to increase your capacity to participate in more public tenders simultaneously.

More efficient

Advantages over Bank Guarantees in those Guarantees to be presented to the Public Administration or in the Guarantee for Developers of New Buildings.


Types of Surety Bond


Consult the different Surety Bonds that we have available

Every contractor who applies for a public tender, as established in the Law on Contracts with Public Administrations, needs to submit, together with their bid, a bid bond to ensure that, in the event that they are awarded the contract, they will sign the performance contract in accordance with the conditions under which they made their bid.

For those Contractors who have not been awarded the contract, the validity of this guarantee shall last until the awarding of the contract.

These guarantees may be constituted by means of a surety bond policy issued by an insurance company authorised to do so by the Directorate General of Insurance.

The loss arises in the event that the Insured Party awards the contract to the Policyholder and it is not formalised for reasons attributable to the bidder (Policyholder).

This guarantees the proper fulfilment of a contract under the agreed conditions. It is generally used when a company has been awarded a contract and the Public Administration requests a guarantee for its fulfilment. In order to be eligible to tender, this guarantee replaces the prior tender guarantee and remains in force until completion of the work. This guarantee may be provided by a surety bond policy issued by an insurance company authorised to do so by the Directorate General of Insurance. The risk in this surety bond is due to breach of contract by the Policyholder, giving rise to a penalty or termination of the contract for causes attributable to the Policyholder. This procedure is also applied in the case of those activities that are required by the Public Administration to provide a guarantee in order to obtain an activity licence, such as in the Gambling Sector, Mining, Security, Travel Agencies, etc.
This guarantee is used when the successful bidder of a project requests that the Public Administration provide an advance payment from the awarded budget for materials. For the Public Administration to grant this, a guarantee is required. In this case surety bond guarantees that the materials supplied to the contractor will be incorporated into the fulfilment of the contract within the terms of the contract/or the proper application of the advance payment for the works in question.
This type of guarantee protects the owner of a completed construction project for a specified period of time against defects and failures in materials, workmanship and design that might later arise if the project has been done incorrectly. It acts as an insurance policy on a construction project to ensure that a contractor corrects defects that arise, or that defects are compensated for.