A performance or surety bond guarantees that a supplier can meet its financial obligations when certain performance targets are missed. Our specialized teams review all terms of your contract and structure bonds that cater to your requirements and provides full claims advocacy service when required.

A surety bond, however, is not a traditional insurance policy as the surety after having paid the penalties resulting from non-performance or under-performance, seeks to reclaim the funds from the principal.

DIOT-SIACI Middle East has an expertise in making sure that the surety bonds guarantee wordings meet the performance requirements laid out in the contract.