Retention Money Bond

The final guarantee that secures completion and release.
“Performance completed, trust rewarded —
a Retention Bond ensures the project’s last step is as safe as the first.”

Overview
A Retention Money Bond — also called a Final Payment Guarantee — replaces the portion of the contract amount usually withheld by the Beneficiary as financial security until the completion or acceptance of works.
Instead of freezing capital, the contractor can recover liquidity immediately while the Beneficiary retains full protection in case of defects, delays, or contractual breaches during the warranty period.
This bond ensures that all contractual obligations, corrective works, and maintenance responsibilities are fulfilled before final release.
“EIS Broker turns completion into confidence —
because a contract’s last step deserves the same certainty as the first.”

Regulatory Framework
Retention Money Bonds issued through EIS Broker comply with:
• Italian Legislative Decree 36/2023 – Public Contracts Code;
• EU Directive 2014/24/EU – Public Procurement;
• Italian Civil Code, Articles 1667–1669 (defects and liability in works contracts);
• IVASS Regulation No. 40/2018 – Insurance intermediation compliance;
• ANAC tender requirements for performance and retention guarantees.
All bonds are underwritten by insurance companies authorized and supervised by IVASS.

Who It’s For
• Contractors, builders, and suppliers operating under public or private contracts;
• Engineering firms and infrastructure developers;
• Entities subject to post-completion obligations or maintenance clauses;
• Beneficiaries requiring financial assurance for warranty periods.

“Financial freedom for contractors, full protection for clients.”

Key Benefits
• Replaces withheld retention funds with a certified financial guarantee;
• Maintains project liquidity and cash flow;
• Protects Beneficiaries during the warranty or maintenance period;
• Accepted by all public contracting authorities and private developers;
• Issued quickly after verification (average 24–48h). “Unlock your funds — without unlocking your risks.”

Documents Required
To apply for a Retention Money Bond, please provide:
• Copy of the contract and final acceptance documents;
• Certificate of works completion (where applicable);
• Company registration (Chamber of Commerce extract);
• ID and tax code of the legal representative;
• Latest financial statement (balance sheet);
• Bond amount requested (equal to the retained sum);
• Completed EIS Broker Application Form.

Request a Retention Money Bond Quotation

(Your request will be sent to ba********@*******er.it)