“Obligatio est iuris vinculum quo, necessitate, adstringimur alicuius solvendae rei, secundum nostrae civitatis iura”
Warranties play a very important role in supporting Clients with their contractual obligations and can help them grow successfully in an ever-changing global environment.
At FGIS we intend to become long-term trusted partner supporting our customers with traditional and tailor-made surety solutions.
While sureties are as to say embedded in business related to construction activity, bonds and sureties can be successfully utilized in a wide variety of commercial sectors and international markets. Our bonds and guarantees can provide efficient solutions in terms of employed capital savings and assist in the management of working capital, reducing the financial requirement.
The speed of response and the service are fundamental for a surety offer and for any commercial activity, therefore we guarantee access to specialist subscribers of leading specialized companies that will provide timely and proactive decisions.
Contractual obligations
Benefits and obligations
a guarantee for a client for the execution of a contract by the designated contractor in accordance with its terms and conditions.
Advance payment obligation
a guarantee provided in which the money is paid in advance and before the goods or services are provided under a specific contract.
Retention Bond
many construction contracts authorize the client to withhold a percentage of money owed to the contractor for each payment. A bond may be issued instead of money that would otherwise be held as a reserve and which allows the policyholder to receive the full amount due and improve its cash flow.
Bonds to Public Administrations
Bonds issued in favor of Public Administrations to ensure that the legal obligations in relation to the construction and maintenance of works are respected.
REQUEST ADVICE
Commercial bonds
Guarantee of tax credits reimbursement
a guarantee to the collection Authorities for the reimbursement of duty and tax credits (VAT credits refund).
Warehouse obligation
a guarantee requested by Customs and Monopolies Agencies for customs warehouses.
Loan Agencies guarantees
_ Loan Agencies guarantees
Generally, a subject obliged to provide a security to guarantee the fulfillment of the obligations assumed can choose for a surety policy in favor of the creditor of the obligation.
The surety policy has the following advantages:
- it does not commit bank credit facilities, leaving them available for the normal financial needs of the company (typical business activity);
- it uses a tool accepted by public and private beneficiaries that, at a limited cost, allows you not to immobilize money, securities or material guarantees.
FGIS has extensive and consolidated experience at the national and international level in the field of insurance guarantees.
Consolidated professionals in the sector, we represent a company specializing in the intermediation of the Bond and Surety Branch through insurance companies authorized by IVASS and other regulatory Authorities.
The reduction the time required for the issue of securities is one of our strengths. Thanks to the passion and competence of our team of professionals, FGIS is able to proceed in a timely manner to a complete analysis of the requests for surety policies and to carry out an exhaustive activity of assessment and needed placement of risks.
