Surety Bonds – Securing Trust, Guaranteeing Performance

A Surety Bond is a financial guarantee that ensures contractual obligations are fulfilled. It plays a critical role in government tenders, infrastructure projects, and large commercial contracts, helping businesses establish credibility and comply with mandatory requirements.

At SK Associates, we provide end-to-end surety bond solutions, helping contractors, traders, and businesses obtain the right bond quickly and smoothly — without blocking working capital.

Bid Bond

Issued to guarantee that the bidder will honor the bid terms and sign the contract if awarded.
✔ Required for government and PSU tenders
✔ Builds credibility during bidding

Performance Bond

Ensures the contractor will complete the project as per contract terms, specifications, and timelines.
✔ Protects the project owner from non-performance
✔ Common in EPC, construction, and infrastructure projects

Advance Payment Bond

Provides assurance that any advance payment given by the client will be utilized as per the contract.
✔ Reduces financial risk for project owners
✔ Helps contractors receive advances confidently

Retention / Maintenance Bond

Guarantees that the contractor will address defects during the maintenance or defect liability period.
✔ Released after successful completion
✔ Supports post-project obligations

Security Deposit Bond

Acts as a substitute for cash security deposit required in contracts.
✔ Frees up working capital
✔ Improves liquidity for businesses

Customs & Statutory Bonds

Issued to meet regulatory or statutory obligations.
✔ Used for customs, excise, and government authorities
✔ Ensures compliance without cash blockage