Bonds & Guarantees
Prove you can complete a deal using our bonds and guarantees.
J Trust Royal’s Guarantee products are designed to meet all of your requirements, for a variety of situations.
We offer Financial Guarantees, Bid Bonds, Performance Bonds, Advance Payment Bonds.
Our guarantee products:
A financial guarantee is an agreement by J Trust Royal to pay a specified amount to a specified third party (principal) on behalf of our customer. This enables our customer to enter financial arrangements without the need to outlay cash (or security) to satisfy conditions dictated by a trade or financial contract.
It is common business practice when tendering for large capital projects for the tenderer to be supported by a Bid Bond. J Trust Royal can provide a Bid Bond as an indication of an applicant company's ability to carry out the work being tendered for.
Most capital works projects put out to tender require the successful tenderer to lodge a Performance Bond after being awarded the contract. The Performance Bond is an indication that the applicant company has the necessary skills and capabilities to carry out the required work and comply with the agreed terms and conditions of the contract. J Trust Royal can assist with your Performance Bonds needs.
Advance payment is a common feature of contracts across a range of industries, especially in construction. An Advance Payment Bond, issued by J Trust Royal, is a guarantee that an advance payment made by a buyer/client will be returned if the seller/contractor does not fulfil its obligations on delivery of goods or services. J Trust Royal can assist with your Advance Payment needs.