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AFICONTRACTS it’s an efficient alternative to contracting between non-state companies, to support construction works contracts, provision of services, supplies, etc. It’s created as a protection mechanism to counter current national policies on public procurement.
Afiancol finance portfolio for
companies and natural people.
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For the award of a tender, the beneficiary or creditor of the guarantee is guarded against the risk of non-compliance by the proponent of the established obligations and especially, that of entering into the contract object of the tender, in the terms that gave basis to the award.
Contract compliance bond.
With the contract compliance bond, the beneficiary or creditor of the bond is guarded against the damages derived from the breach attributable to the contractor of the obligations arising from the secured contract.
By means of the advance payment guarantee, the beneficiary or creditor of the guarantee is guarded against the improper use or appropriation that the contractor makes of the money or goods that have been anticipated for the execution of the contract.
Bail for payment of salaries, social benefits and compensation.
By means of the guarantee of payment of wages, social benefits and compensation, the creditor of the guarantee is guarded against the risk of non-compliance with the labor obligations to which the contractor is obliged, related to the personnel, used for the execution of the contract.
Construction stability bond.
By means of the work stability bond, the beneficiary or creditor of the bond is guarded against the risk that, during the stipulated term and under normal conditions of use, the work suffers deterioration attributable to the contractor and the contractor fails to remedy the damage. that impede the normal operation of the work that he executed. In case of buildings, stability will be determined in accordance with the plans, projects, security and firmness of the structure.
Service quality guarantee.
By means of the service quality guarantee, the beneficiary or creditor of the guarantee is guarded against the risk that a service that is contracted with certain specifications, does not meet the minimum contractual requirements.
Correct equipment operation bond.
By means of the correct equipment operation bond, the beneficiary or creditor of the guarantee is guarded against the damages attributable to the contractor in the event that the latter does not correct the incorrect operation of the equipment supplied or installed in accordance with the contractual conditions.
What is a bond?