Construction
guarantees

Credeq underwrites a comprehensive range of guarantee solutions for the construction and allied industries on behalf of licensed insurers. These solutions include:

  • Advance Payment Guarantees
  • Bid Bonds/Tender Bonds
  • Retention Guarantees
  • Performance Guarantees
  • Materials On-/Off-Site Guarantees

Safeguarding
project success

Credeq provides in depth professional analysis on a contractor’s ability to perform and successfully deliver on a specific contract.

As an Underwriting Management Agency (UMA), Credeq assesses and underwrites guarantees on behalf of licensed insurers, providing beneficiaries with the confidence that contractors are backed by robust risk evaluation and insurance capacity.

In-depth risk assessment creates ideal risk protection

Our legal, technical, and financial expertise allows us to

Thoroughly assess risks associated with guarantee liabilities.
Follow a rigorous, step-based approach to evaluate a contractor’s ability to perform against a contract.
Provide both standardised and employer-specific, bespoke guarantee wordings to ensure the best protection for all parties involved.

Supporting cross-border projects across Africa

Through our collaboration with licensed insurers and supported by formal and informal reinsurance arrangements, Credeq underwrites guarantees for qualifying projects operating across the African continent.

Guarantees underwritten by Credeq on behalf of licensed insurers have been accepted in several African jurisdictions, including:

  • Angola
  • Botswana
  • Cape Verde
  • Cameroon
  • Ghana
  • Kenya
  • Lesotho
  • Liberia
  • Malawi
  • Mauritius
  • Mozambique
  • Namibia
  • Nigeria
  • Rwanda
  • Sierra Leone
  • Swaziland
  • Tanzania
  • Uganda
  • Zambia
  • Zimbabwe

All cross-border guarantees are subject to regulatory requirements and risk assessment on a case-by-case basis.

Supporting guarantees through sector knowledge

Credeq supports clients with flexible guarantee structuring based on sector needs to serve every segment of the construction market:

Supporting large established contractors as well as smaller contractors with growth potential.
Keeping collateral requirements to a minimum, where applicable.
Backed by a team of experts who understand the dynamics of the construction industry.

Apply for a construction facility

Specialists

Oren Zukerman

Head:
Construction
+27 (0) 11 551-0770

Lethabo Molomo

Underwriter – Construction Facilities greater than R20M
+27 (0) 11 551-0846

Terence Strydom

Underwriting Manager – Construction Facilities below R20M
+27 (0) 11 551-0699

Unlocking credit the world needs