Bonds & contracts
Commercial

Bonds & contracts

Bidding and contracting require bonds issued on time, without friction. We manage them with the carriers and stay with you renewal after renewal.

In Panama, contracting with the government or large companies requires bonds — guarantees issued by an insurer that back your commitment. The Public Procurement Law regulates them, and a single lapsed expiration can cost you an award. We know the four essential types and the legal, financial and technical requirements, and we manage issuance swiftly so you never lose an opportunity to paperwork.

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Mint Group · Commercial brand of Pledge Co, S.A. · SSRP PJ 995
We represent
Internacional de SegurosMAPFRESURAASSALa RegionalÓptimaAliadoFEDPAAcertaIFS
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Ideal for
Government contractorsConstruction firmsSuppliers and vendorsCompanies in private tenders

What your policy can cover

01
Bid bond
Guarantees that, if you win the tender, you’ll hold your offer and sign the contract.
02
Performance bond
Backs proper contract execution; regulated by the Procurement Law, including the defects period.
03
Advance-payment bond
Guarantees proper use of the advance you receive at project start.
04
Payment bond
Ensures you pay subcontractors, suppliers and workers.
05
Special bonds
Lease guarantees, vessel performance, insurance-broker and other specific bonds.
06
Fast issuance & endorsements
We process issuance, extensions and endorsements ahead of time so you never stop.

Additional coverages & options

Don’t see what you’re looking for? There’s far more — we work with nearly every coverage in the market. Tell us what you need.

+Pre-approved bond lines
+Maintenance and quality bonds
+Customs guarantees
+Letters of credit and sureties
+Minor (under-18) bond
+Support with tender specs and requirements

When your policy responds

You’re bidding
You need a bid bond for a public act. We issue it within the deadline and at the exact amount the entity requires.
You won the contract
You must present the performance bond within days. We manage it on time so you sign without a hitch.
Project underway
You receive a significant advance. The advance-payment bond backs its proper use to the client.

Frequently asked questions

What people ask us most about this coverage.

Which bonds do I need to bid?
It depends on the act and contract type, but usually bid, performance, payment and advance. We tell you exactly which per the specs.
How long does issuance take?
With complete documentation it can be very fast. We work ahead to meet your deadlines.
What are the requirements?
They group into legal, financial and technical — typically financials, operating notice and contract data. We guide you through each.
Do they renew automatically?
No. Endorsements and extensions must be requested. We remind you of upcoming expiry dates so you can renew in time.
Let’s design your coverage.
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This content is general and informational. Coverages, limits and exclusions are governed by the conditions of each policy and carrier.
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