What are the Administrative Bonds for?

The Administrative Bails, specialize in ensuring compliance with different types of contracts, which may include same legal and economic obligations purchase orders, work orders or contracts. These contracts are between two or more people and these can be both physical and moral.

Administrative Bonds

The main objective of the Administrative Bonds is to guarantee the fulfillment in time and form, of the obligations acquired when concluding a contract , which can be of the following type:

Advance: It guarantees the proper use and correct application of the money given to the guarantor, in advance by the beneficiary, for the execution of the works established in a work contract. In case this is not carried out in a timely manner, with the Guarantee the total or partial refund of the money is secured, as appropriate.

Competitions and / or Bidding: Its objective is to guarantee the support of the offers made by the participants of the bids or contests, which can be both public and private, carried out for the purpose of determining the contractor who will be responsible for carrying out the work in question.

Compliance: With this type of bond seeks to ensure full or partial compliance with the obligations that are established in a work contract, guaranteeing the beneficiary that the company providing a service, will carry out the work according to the established, of otherwise, the Compliance Bond may be valid .

Credit: This type of Administrative Bond applies only to PEMEX, CFE and CAPUFE, it is used to guarantee that the obligations consistent with the payment of money are carried out.

Good Quality and / or Hidden Defects: They guarantee the good quality of the built goods, as well as the equipment or material that has been installed or sold to the beneficiary by the guarantor. In the event that, after delivery of the work, and within the time stipulated in the contract, hidden defects or defects appear, this guarantee ensures the repair of the damage.

If your client, whether private or government, is requesting a bond for the conclusion of a contract, We can help you process it easily and quickly!