PERFORMANCE BOND

The guarantee that transforms commitment into certainty.
“A contract is more than a promise —
it’s a responsibility backed by trust and secured by performance.”

Overview
A Performance Bond is a contractual guarantee that ensures the successful execution of works, supplies, or services under the terms agreed between the Contractor and the Beneficiary (the contracting entity).
It is typically required for public works and private contracts, protecting the Beneficiary against the risk of incomplete or unsatisfactory performance, financial insolvency, or contractual default by the Principal.
If the Contractor fails to fulfill their obligations, the Surety — an insurance company authorized by IVASS — indemnifies the Beneficiary up to the guaranteed amount, allowing the project to proceed without interruption.
“With EIS Broker, performance is not a risk — it’s a certified commitment.”

Regulatory Framework
Performance Bonds arranged by EIS Broker comply with:
• Italian Legislative Decree 36/2023 – Public Contracts Code (Art. 1174 et seq.);
• EU Directive 2014/24/EU – Public Procurement;
• Italian Civil Code, Articles 1936–1957 – Suretyship;
• IVASS Regulation no. 40/2018 – Insurance intermediation and conduct of business;
• ANAC (National Anti-Corruption Authority) – Requirements for tender guarantees. All guarantees are issued through IVASS-authorized insurance companies, ensuring full legal and financial compliance.

Who It’s For
• Contractors and construction companies executing public or private works;
• Engineering firms and design–build operators;
• Suppliers and service providers working under public procurement contracts;
• Public and private contracting entities requiring performance assurance.

“Reliability is not declared — it’s demonstrated, guaranteed, and insured.”

Key Benefits
• Legal compliance with EU and Italian procurement codes;
• Protection of the Beneficiary against non-performance;
• Coverage of up to 100% of the contract value, depending on requirements;
• Fast-track issuance (typically within 24–48 hours);
• Legal, financial, and technical advisory by EIS Broker;
• Recognition by all public authorities and private developers.
“Where others deliver promises, we deliver guarantees.”

Documents Required
To apply for a Performance Bond, please provide:
• Copy of the contract or award notification;
• Tender specifications or project scope;
• Company registration certificate (Chamber of Commerce extract);
• ID and tax code of the legal representative;
• Financial statements (last balance sheet);
• Bond amount requested and duration;
• Completed EIS Broker Application Form.
(Additional documents may be required depending on the nature of the project.)

Request a Performance Bond Quotation
(Your request will be securely sent to ba********@*******er.it)