Urban Development Bond

Guaranteeing infrastructure commitments and public works compliance.
“Every road, building, or public space begins with a commitment —
EIS Broker transforms it into a certified guarantee.”

Overview
An Urban Development Bond — also known as a Public Works or Infrastructure Bond — is a surety guarantee required by municipalities or public authorities before authorizing construction or urbanization works.
It ensures that the developer or contractor will complete the planned public infrastructure (roads, utilities, lighting, green areas, sewer systems, etc.) as defined in the building or development agreement.
If the works are not completed according to the approved plans or within the established timeframe, the Beneficiary (typically the municipality) can call on the bond to cover the cost of completing the works.
“Urban transformation starts with trust —
and trust starts with a solid guarantee.”

Regulatory Framework
Urban Development Bonds issued through EIS Broker comply with:
• Presidential Decree 380/2001 (Italian Building Code) – Art. 11, Urbanization works;
• Italian Legislative Decree 36/2023 (Public Contracts Code) – performance guarantees;
• Italian Civil Code, Articles 1936–1957 – Suretyship;
• IVASS Regulation No. 40/2018 – Insurance intermediation;
• Applicable municipal and regional regulations governing public infrastructure guarantees.
All guarantees are underwritten by insurance companies authorized by IVASS (Italian Insurance Supervisory Authority).

Who It’s For
• Real estate developers and construction companies engaged in building permits requiring public works obligations;
• Private investors and consortia carrying out residential or commercial projects;
• Municipalities and local authorities requesting urbanization guarantees. “Compliance is the foundation of every city —
we make it insurable.”

Key Benefits
• Mandatory for obtaining building permits or development authorizations;
• Guarantees full completion of required public works;
• Accepted by all municipalities and public bodies in Italy;
• Replaces costly bank guarantees with a fast, insured alternative;
• Quick issuance (usually within 48 hours after document review). “EIS Broker builds confidence, brick by brick.”.”

Documents Required
To request an Urban Development Bond, please provide:
• Copy of the building permit or development agreement;
• Approved technical drawings and project specifications;
• Estimate of works value and bond amount;
• Company registration (Chamber of Commerce extract);
• Financial statement (latest balance sheet);
• ID and tax code of the legal representative;
• Completed EIS Broker Application Form.
(Additional documents may be required depending on municipal regulations.)

Request an Urban Development Bond Quotation (Your request will be sent to ba********@*******er.it)