Corporate Products

Surety Bonds for Construction

Protect your business from interruptions.

FPG Surety Bonds acts as a risk transfer mechanism providing the construction project owner the assurance of all obligations delivered.

FPG Insurance provides your business with financial security in case of default or bankruptcy of contractors, sub-contractors, or suppliers.

FPG Surety Bonds for Construction Cover Summary
Bidder's Bond

FPG Insurance will guarantee that the successful bidder, within a specified period from the date of the receipt of the Notice of Award, will:

  1. Enter into contract with the project owner (Obligee)
  2. Furnish a Performance Bond for the faithful and complete prosecution of the work specified in the contract.

The bond will cover:

  1. Cost to conduct another bidding; and
  2. The difference between the winning bid and next lowest complying bid
Performance Bond
Surety Bond (Down Payment)
Contact Us

FPG Insurance Co., Inc.
6th Floor Zuellig Building
Makati Avenue Corner
Paseo de Roxas
Makati City 1225, Philippines

Surety Bonds
Tel: (+632) 8859 1200