Advance Payment Bond

Because trust deserves protection.
“Every advance entrusted to a contractor must be guaranteed —
EIS Broker transforms anticipation into assurance.”

Overview
An Advance Payment Bond (also known as an Advance Guarantee) protects the Beneficiary (Contracting Entity) against the risk that the Principal (Contractor or Supplier) misuses or fails to refund an advance payment received before starting work.
This guarantee ensures that the prepaid amount will be used solely for the execution of the contract.
If the contractor fails to perform, the surety will reimburse the Beneficiary up to the guaranteed amount.
It’s a crucial instrument in public and private contracts where upfront financing or mobilization payments are granted to enable works, supplies, or services.
“Anticipation fuels performance — a guarantee ensures it.”

Regulatory Framework
Advance Payment Bonds arranged by EIS Broker comply with:
• Art. 35 of Italian Legislative Decree 36/2023 – Public Contracts Code;
• EU Directive 2014/24/EU – Public Procurement;
• Italian Civil Code, Articles 1936–1957 – Suretyship;
• IVASS Regulation No. 40/2018 – Insurance intermediation compliance;
• ANAC tender provisions governing public advance payments.
All bonds are issued through insurance carriers authorized and supervised by IVASS (Italian Insurance Supervisory Authority).

Who It’s For
• Companies awarded public or private contracts requiring an advance;
• Construction, supply, and service contractors;
• Engineering and industrial firms starting large-scale projects;
• Entities requesting or receiving state, EU, or local development funding.

“Where capital meets execution, a bond ensures continuity.”

Key Benefits
• Full compliance with the Public Contracts Code;
• Protection for contracting entities against misuse of funds;
• Enables contractors to unlock liquidity and start work immediately;
• Recognized and accepted by all public authorities and financial institutions;
• Fast-track issuance (24–48h) after document verification.
“EIS Broker — the bridge between financial trust and contractual security.”

Documents Required
To apply for an Advance Payment Bond, please provide:
• Copy of the contract or award notification;
• Invoice or request for advance payment;
• Company registration (Chamber of Commerce extract);
• ID and tax code of the legal representative;
• Latest financial statement (balance sheet);
• Bond amount and duration;
• Completed EIS Broker Application Form.
(Additional documents may be requested depending on the project type.)

Request an Advance Payment Bond Quotation
(Your request will be securely sent to ba********@*******er.it)