Known Around the World
The instrument is the same wherever your project is located — only the name changes depending on where you're contracting. We work across every variation below, and place bonds under whichever term your contract uses.
UK & Europe Performance Bond, Performance Guarantee
North America Performance Bond, Contract Bond, Performance & Payment Bond
Middle East & GCC (FIDIC) Performance Guarantee, Performance Security, Bank Guarantee
Africa (JBCC / NEC) Construction Guarantee, Performance Guarantee
Asia & Southeast Asia Performance Bond, Performance Guarantee
Turkey Teminat Mektubu (Letter of Guarantee), Performance Bond
Performance Bonds Placed Internationally
A performance bond — known in different markets as a performance guarantee, construction guarantee, contract bond, or performance security — is a financial instrument that protects the employer if a contractor fails to complete a contract. It is required as standard across private commercial construction contracts globally, and across FIDIC, NEC, GCC and JBCC frameworks, whatever it is called on your specific contract.
Solidum Global sources performance bond and performance guarantee terms from our international surety network, placing bonds for contractors across South Africa, Kenya, Nigeria, Ghana, Tanzania, Morocco, the UAE, Saudi Arabia, Turkey, and beyond. We work where others cannot, with access to surety markets and capacity providers that are simply not available through conventional local channels.
If your bank has declined, your credit line is at capacity, or you are working in a market where you have no established banking relationship, submit an enquiry. We assess every requirement on its merits, with no minimum contract size and no automatic disqualifications.
A performance bond is a written guarantee issued on behalf of a contractor, in favour of the employer or project owner. It provides the beneficiary with defined financial protection if the contractor fails to complete the contract in accordance with its terms.
The bond does not remove the contractor's obligation to perform. It gives the employer a financial remedy if that obligation is not met. It is a standard requirement across commercial construction contracts worldwide, regardless of which regional term appears in your contract documents.
The three parties:
- Principal, the contractor who is required to provide the bond
- Beneficiary, the employer or project owner in whose favour the bond is issued
- Surety, the institution that issues the bond on behalf of the contractor
The bond value is typically set at 10% of the contract sum, though this varies by contract and territory. The bond remains in place until practical completion, the making good of defects, or another release condition specified in the contract.
There are many routes to obtaining a performance bond. What sets Solidum Global apart is our depth of market access, our specialism, and our ability to structure solutions that work for contractors of all sizes.
- We specialise in markets others find difficult. South Africa, Nigeria, Kenya, Ghana, Morocco, Turkey, UAE, Saudi Arabia, these are our core territories, not an afterthought.
- Our surety markets take a balanced approach. Specialist surety providers assess each risk on its merits. This frequently means more flexible security structures than contractors find through conventional banking channels.
- We work across all contract sizes. From mid-market private commercial projects through to larger construction and infrastructure contracts, we assess every requirement individually.
- We work where banks cannot. If your bank has declined or your credit line is committed elsewhere, our international network gives you an alternative route to the bond you need.
- Surety is our specialism. We place performance bonds and contractual guarantees internationally, bringing focused expertise to every enquiry.
Performance bonds are a contractual requirement across a wide range of project types and geographies. They are commonly required where:
- The employer wishes to protect against the financial risk of contractor default or insolvency
- The contract is structured under FIDIC, NEC, GCC, JBCC or a locally equivalent framework
- The project is privately financed and the employer requires a bond as a condition of contract award
- The contractor is working cross-border and needs a bond acceptable to an international employer
- The employer requires the contractor to demonstrate financial commitment before works begin
The specific requirements, including bond value, form, and acceptable issuing institution, will be set out in the contract documents. If you are unsure what is required, submit an enquiry and our team will help you understand what is needed.
We source performance bond and performance guarantee terms for private commercial construction contracts across:
- Sub-Saharan Africa, South Africa, Kenya, Nigeria, Ghana, Tanzania, Zambia and across the region
- North Africa, Morocco, Egypt and the wider Maghreb
- Gulf and Middle East, UAE, Saudi Arabia, Qatar, Oman and Kuwait
- Turkey, domestic and cross-border projects
- Southeast Asia, Indonesia, Malaysia, Vietnam and the wider region
If your project is in a territory not listed, submit an enquiry. Our network reach is broad and we assess every requirement individually.
1. Submit your enquiry
Complete the form on this page with your project details, contract value, bond requirement and company information. There is no obligation at this stage and no fee to enquire.
2. We assess and approach our network
Our team reviews your requirement and takes it to our international surety network. We identify which providers can support your project and on what terms. For most requirements this takes 24 to 48 hours.
3. We present your options
We come back to you with an indication of terms available. If you wish to proceed, we support you through to bond issuance. We will always be clear about what we can place. If we cannot help, we will tell you promptly so you can explore other options.
Back to Products