Performance guarantees

Secure your contracts with confidence

Performance guarantees provide security for both contractors and clients, ensuring that the terms of the agreement are fulfilled as agreed. Through Konkretia Rahoitus, you can obtain performance guarantees quickly, with clear terms and without long processing times or complicated application procedures.

What is a performance guarantee?

A performance guarantee is a financial guarantee that ensures the contractor fulfils its contractual obligations. It provides security for both the client and the contractor throughout the project, from the start of the work until the end of the warranty period.

A performance guarantee can apply to the tender stage, the execution of the work or the warranty period. Its purpose is to build trust between the parties and ensure that the client has financial protection if the contractual obligations are not fulfilled.

Konkretia Rahoitus offers performance guarantees with flexible solutions for businesses of all sizes. Get your performance guarantee quickly, with clear terms and no lengthy application process. or the bureaucracy often associated with bank guarantees. This allows you to focus on completing your projects and growing your business.

Performance guarantee solutions for every project

Performance guarantees cover both construction-period and warranty-period guarantees, providing security throughout the different stages of a project. A construction-period guarantee helps ensure that the work is carried out as agreed and that any issues are corrected during the project. A warranty-period guarantee protects the quality of the completed work even after the project has been finished.

Performance guarantee facility for multiple projects

A performance guarantee facility is an efficient solution for businesses managing multiple ongoing or recurring projects. Once your business has been granted a performance guarantee facility, you can issue new guarantees within the approved limit without submitting a separate application for each project. This speeds up project start-ups and reduces administrative work.

Single performance guarantee

If you only need a guarantee for a single project, you can apply for a single performance guarantee. It's a flexible solution for businesses that don't need multiple guarantees on an ongoing basis. You'll receive your guarantee quickly, with clear terms, so your project can get started without delay.

Not sure which solution is right for your business? Get in touch, and we'll help you find the right performance guarantee solution for your needs quickly and easily.