Contract Bond

Garantizamos el cumplimiento de las obligaciones contenidas en contratos, leyes, decretos y otros documentos, a través de Pólizas de garantía para acuerdos públicos y privados.

Conocer pólizas

Seguros de Crédito

Protegemos tu empresa ante el riesgo de no pago de las cuentas que tengas por cobrar tanto en Chile como en el extranjero.

Conocer pólizas

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.

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The Process, Simplified

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.

Benefits

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.

Solutions for your surety needs

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.

Private Construction Contracts

Helps mitigate financial and completion risks for developers and project owners.

Subcontractor & Supplier Payments

Ensures that all parties involved in the project receive payment as agreed.

Performance & Warranty Commitments

Provides assurance that contractors will meet performance and warranty obligations.

Committed to your growth

Our Impact in Numbers

We support businesses with solutions designed to reduce financial risks, ensure economic stability, and promote sustainable development across the region.

Top 10

in Latin America in surety bonds and trade credit

+80.000

Customers insured with our policies

+165.000

Policies issued during our history

Solve your questions

You have questions, we have answers.

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 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 is a contract bond?

A contract bond is a type of surety bond that guarantees a contractor will meet the terms of a specific construction contract. It ensures the project will be completed on time, within scope, and according to agreed conditions.

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.

What is a surety bond in a construction contract?

It’s a three-party agreement between the contractor (principal), the project owner (obligee), and the surety. The bond ensures the contractor will carry out the contract as specified, and offers financial coverage if they fail to do so.

What does a contract bond guarantee?

It guarantees the contractor’s performance, adherence to contract terms, and payment to all subcontractors and suppliers. This helps reduce the financial and operational risk for project owners.

How does a contract bond work?

If the contractor defaults, the surety company compensates the project owner for damages or covers the cost of completing the work. The surety may then seek reimbursement from the contractor.

Who issues contract bonds?

Contract bonds are issued by surety companies or insurance providers that specialize in construction and project bonding. These companies evaluate the contractor’s financials, experience, and capacity before issuing a bond.

Secure your projects with a bond that guarantees compliance and financial stability.

Stronger Contracts, Safer Investments

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