Guarantee Service
KFINCO provides guarantee in construction
KFINCO will lessen the burden placed on the members,
such as liabilities which incur in the course of
contracting to completion of the construction through
various construction guarantees in order to protect
our customers from the risk of defaulting on the
construction contract or liabilities
Guarantee Scope
- · Constructions on the Construction Industry
- · Overseas constructions
- · Electrical constructions
- · Information and communication constructions
- · Fire-fighting system construction
- · Cultural asset construction
Main guarantee by construction phase
| ① pre-contract phase |
Bid Bond |
| ② Contract phase |
Performance Bond |
| ③ Construction initiation phase |
Advance payment Bond, Subcontract payment Bond, Approval/License Bond, Temporary power usage preliminary deposit Bond etc |
| ④ Completion | Maintenance Bond |
Special guarantee service
- Fronting service* will be provided in the second half of 2023.
*Guarantee Service provided directly by local insurers through KFINCO
