Contract performance insurance: Your confidence after winning a tender
Congratulations on winning the competitive bidding! After receiving the notification of proposal acceptance, PJSC "Company "PRESTIGE" offers you to conclude an Insurance Agreement for the financial risk of non-performance or improper performance of contractual obligations by the Participant. This policy is an effective alternative to a bank and financial guarantee for contract performance, allowing you to avoid freezing working capital and simplify the contract signing process.
Why Choose "PRESTIGE" Company?
- Fast Processing: We process the insurance agreement within 2 hours, which is critically important for meeting contract signing deadlines.
- No Collateral: You don't need to provide collateral, preserving your financial assets.
- Minimal Documentation: The processing is highly simplified and avoids unnecessary bureaucracy.
- Unique Experience: We have significant experience in insuring financial risks, guaranteeing the reliability of your protection.
- Expert Support: Our specialists from various economic sectors provide qualified assistance in the risk assessment process, ensuring optimal contract terms.
Who Can Be the Policyholder?
The Policyholder can be the Participant-winner of competitive bidding—a legally capable individual or a legal entity, regardless of the form of ownership, whether a resident or non-resident of Ukraine.
What Constitutes an Insured Event?
An insured event is the non-performance or improper performance by the Policyholder of their obligations under the Contract (agreement). This includes, but is not limited to, violations of deadlines, volumes, or quality of works/services/deliveries stipulated in the concluded agreement.
Insurance Conditions
- Insurance Sum: Set at 5% of the Contract (Agreement) value, which complies with standard requirements for contract performance security in public procurement.
- Cost of the Insurance Agreement: The insurance tariff is from 2% of the insurance sum, but not less than 2,500 UAH. This makes the insurance more affordable compared to other types of security.
- Term of the Insurance Agreement: The term of the Agreement can be set for up to one year, providing flexibility in choosing a coverage period adapted to your contract terms.
The terms of the insurance agreement for the financial risk of non-performance or improper performance by the Policyholder of tender documentation requirements comply with the Law of Ukraine "On Insurance," guaranteeing legal validity and compliance with legislation.
Ensure reliable protection and financial stability when fulfilling contractual obligations. Contact PJSC "Company "PRESTIGE" today to learn more and conclude an insurance agreement that guarantees your peace of mind!