Performance Guarantees

GetFunded - Open Development is one of the most trusted trade finance solution providers in the UK who is here to help you keep your supply chain moving smoothly in order to lead you to business growth.

Reduce risk factor in contracts getting an assurance with a performance guarantee and avoid losses. Offering you exclusive performance guarantee services we ensure you a simple and hassle-free process to get you the assurance you require.

What is a performance guarantee?

Performance guarantee is an assurance issued by a financial institute for meeting all the performance terms and conditions of the contract by the contractor. With this, the client gets better security to guarantee job completion. If the contractor fails to perform all their obligations under the contract, compensation is guaranteed for the client for their monetary losses. Performance guarantees are mostly used in the construction industry between contractors and clients and it’s a mandatory financial instrument for government projects.

Obtain your performance guarantee for your next contract fast without having to go through the complex documentation processes. With years of experience in providing performance guarantees for contracts of all sorts and projects of all sizes, we have the experience and the expertise to offer you a service that you can rely on.