Performance Guarantees & Retention Guarantees

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Guarantees Made Simple & Affordable
GuaranteeCO is a specialist guarantees brokerage which is part of the Frog Financial Group. The Group has a rich history, spanning over a Decade. Our humble beginnings have installed enduring values that have kept us growing.

What is Performance Guarantees & Retention Guarantees

A Performance Guarantee is a document issued by a Credit/Guarantee Provider like us or Insurers or a bank to a contractor to guarantee that the contract is fulfilled in accordance with the plans and specifications.
In order to qualify to bid on a project that requires a payment and performance bond, a bid bond is usually required.
The client is guaranteed compensation for any monetary losses up to the amount of the performance bond if the contractor fails to construct the building according to the contract's specifications.

F.A.Q

A quote takes between 24 – 48 hours to finalize, subject to all information being received.
It depends on the strength of your financial statements. Premium can be between 1 to 3.5% ex vat paid upfront, pro-rata, per annum. The minimum invoice period is for 6 months.

Here is an example and is for illustration purposes only. Let’s assume you have won a R5,000,000 project requiring a 10% construction guarantee of R500,000 for 11 months. We will further assume that you qualify for 2% ex vat premium. The cost would be R500,000*2%/12*11 = R9,166.63 paid upfront and once-off.
It depends on the strength of your financial statements. Collateral can be anywhere between 0 – 30% of the guarantee value. On successful cancellation of the guarantee your collateral will be reimbursed with any interest accrued.
Build With Confidence-Backed by Guarantees
Backed by over 30 years of combined expertise, we pride ourselves on securing the lowest Facility Rates and offering highly competitive, cost-effective Collateral Rate structures.

As one of the first guarantors with established ties to international banks and finance corporations, we provide unmatched assurance and peace of mind to our clients.

Our commitment extends beyond financial solutions—we help clients reduce collateral requirements, control expenses, and preserve cash flow. This ensures they can establish sites seamlessly and achieve optimal productivity.

Contact Us

  • Alberton, South Africa

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