Polico Africa (Pty) Ltd | Trust us to give you the best service

PCBS products include a Performance Guarantee which is issued by an insurance company or bank to a contractor to guarantee the full and due performance of the contract according to the plans and specifications. A project requiring a payment and performance bond will usually require a bid bond, in order to qualify to bid for the project. A payment and performance bond will then be required of the winning bidder as a security to guarantee job completion. They also offer a Bid Bond which is purchased when a contractor, or the principal, is bidding on a tendered contract with public authorities and or private owners. The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, necessitating a guarantee that the principal will enter into the contract, if it is awarded. In essence it provides a guarantee that the Bidder (Constructor), if awarded the contract will enter into the said agreement and furnish the prescribed Performance Bond. PCBS also offers Maintenanc