Delta Capital
Insurance solutions
Domestic Trade Credit Insurance Benefits:
- Protection against non payment
- Increased market penetration
- Continual improvement in the quality of customers and therefore a lower incidence of bad debt
- Access to our expert advice on collection techniques
- Expert assessment of credit risks
- Development of new markets in different industries
- Lower legal costs through improved buying power of collection services
- Enhanced financing mechanisms by providing added security to finance
Small Businesses & Entrepreneurs.
- Protection against non-payment of credit sales from date of delivery
- Minimal administration on your part
- Appropriate for companies that do not have an extremely large turnover or an established credit management team
- Enhanced security to finance provider
Bonds & Surety
Bonds & surety are in place to protect you as the employer against non-performance on the part of the contractor. The risk of non-performance is regarded in terms of quality of work, completion of work, and the time in which completion occurs. In case of your debtor defaulting payment, we will mitigate the matter and ensure that your financia setback does not affect your business
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Bid/Tender Bonds
A bid bond is issued as part of a bidding process by the surety to the project owner, to guarantee that the winning bidder will undertake the contract under the terms at which they bid. The cash deposit is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds.
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Performance Bonds
A written guaranty from a third-party guarantor (usually a bank or an insurance company) is submitted to a principal (client or customer) by a contractor on winning the bid. A performance bond ensures payment of a sum (not exceeding a stated maximum) of money in case the contractor fails in the full performance of the contract. Performance bonds usually cover 10 – 12.5% of the contract price and replace the bid bonds on award of the contract.
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Retention Bonds
This type of performance bond protects the customer after a job or project is complete. It guarantees that the contractor will carry out all necessary work to correct structural and/ or other defects discovered immediately after the completion of the contract.
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Customs Bonds
customs bond is a contract used for guaranteeing that a specific obligation will be fulfilled between Customs and an importer for any given import transaction. This bond is issued, on behalf of the importer by a customs bonds insurer such as Credit Guarantee. The main purpose of a bond is to guarantee that all customs duties, customs penalties, and other charges assessed by Customs will be properly paid and that all trade procedures will be followed.
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Advance Payment Bonds
An advance payment or simply an advance, is part of a contractually due sum that is paid in advance for goods or services, while the balance included in the invoice will only follow the delivery.
