Contract bonds
Simplify Your Bonding Process and Focus on What Matters
At Avla, we make getting bonded fast and hassle-free, so you can take on new projects with confidence. With minimal paperwork and quick approvals, we’re here to support your growth—every step of the way.
Nuestras Coberturas
Coverage That Works for You
The Bonds That Keep Your Projects Moving
Bid Bond
Ensures that if awarded a contract, the contractor will honor their bid and proceed with the project under the agreed terms.
Performance Bond
Guarantees that the contractor will complete the project as specified.
Payment Bond
Ensures that subcontractors, suppliers, and laborers are paid as agreed, keeping the project running smoothly.
Secure Your Contracts
Get Bonded Fast and Grow with Confidence
Secure up to $1.5M in surety bond capacity with a quick and hassle-free process. Avla helps contractors get approved in 24-48 hours, with minimal paperwork and dedicated support—so you can focus on growing your business.
Te tenemos cubierto
How Contract Bonds Work
Designed to secure contracts, this bond provides financial assurance that projects will be completed as agreed.
1
Evaluation and Approval
The Surety assesses the contractor’s financial stability, experience, and ability to complete the project.
2
Bond Issuance
Once approved, the bond is issued, guaranteeing that the contractor will meet contractual obligations.
3
Project Execution
The contractor proceeds with the project under the bond’s terms, ensuring compliance with all requirements.
4
Claim Handling and Indemnification
If the contractor fails to fulfill the contract, the Surety steps in to cover costs, later seeking reimbursement from the contractor.
Lo que obtienes
The coverage that keeps your projects moving forward
Guaranteed Project Completion
Contract bonds ensure that your project will be completed as agreed, even if the contractor fails to meet obligations.
Financial Protection
Shield your business from financial losses caused by incomplete work or unpaid subcontractors and suppliers.
Reliable Contractor Assessment
Avla evaluates financial stability, experience, and capability to ensure only qualified contractors are bonded.
Soluciones para cada necesidad
When to Get a Contract Bonds
Ensure your construction projects run smoothly by securing a contract bond. Whether you’re a contractor, subcontractor, or project owner, this guarantee provides financial security and ensures contract compliance.
Public Construction Projects
Required for government-funded projects to protect public funds and guarantee completion.
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Private Construction Contracts
Helps mitigate financial and completion risks for developers and project owners.
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Subcontractor & Supplier Payments
Ensures that all parties involved in the project receive payment as agreed.
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Performance & Warranty Commitments
Provides assurance that contractors will meet performance and warranty obligations.
Comprometidos con tu crecimiento
Nuestro impacto en cifras
Porque 80 mil clientes y 165 mil pólizas después, seguimos apoyando y respaldando a pymes y grandes empresas de la región.
#1
en garantías y seguros de crédito en Chile.
+80.000
PYMEs respaldadas por nuestras pólizas.
+165.000
Pólizas emitidas durante nuestra trayectoria.
PREGUNTAS FRECUENTES
Una aseguradora en la que puedes confiar
How does a Contract Bonds help protect my business?
A Contract Bonds ensures that your company can confidently bid on and complete projects without financial uncertainty. It protects against:
- Project disruptions caused by contractor failure.
- Financial losses by covering additional costs if obligations aren’t met.
- Legal risks, ensuring compliance with contract terms.
- Stronger business relationships, increasing trust among clients, suppliers, and project owners.
What is the maximum amount and validity period?
The bond amount typically covers 100% of the contract value and remains valid until all contractual obligations, including warranty terms, are fulfilled.
What do I need to apply to Avla Accelerated?
Just fill out a simple form and have a strong credit profile. No financial statements or paperwork are needed.
What sets Avla’s product apart from competitors?
Avla offers:
- Personalized support tailored to contractors’ needs.
- Fast and efficient approval processes to keep projects moving.
- Financial strength to back high-value projects.
- Expert assessment to help contractors secure more opportunities.
What if I already have a surety agent?
We can work with your surety agent to expand your bonding capacity under our Avla Accelerated program. Get in touch with Avla, and we’ll collaborate with your trusted broker to get you bonded as fast as possible.
What if I don’t have a broker?
We’ll help you find one through our trusted broker network, matching your location, industry, and preferences. We’re here to make bonding easier for you.
Secure your projects with a bond that guarantees compliance and financial stability.
Stronger Contracts, Safer Investments
