Surety Bonds & Performance Bonds

Confidence in Every Contract.

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What is a Performance Bond?

A Performance Bond is a type of surety bond that guarantees the satisfactory completion of a project in accordance with contractual terms. If a contractor fails to deliver, the bond protects the project owner against financial loss. 

Get a fast, no-obligation quote today – simple, secure, and online. 

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Build with Confidence

Connect with Checkmate’s specialist underwriting team today to discuss your specific bond requirements. We offer a streamlined, efficient process to secure the precise bonding solutions your project demands: ensuring you can proceed with complete confidence in your next project.

Why Use a Performance Bond?

In construction and infrastructure projects, risk mitigation is key. Performance Bonds provide protection and promote trust between all parties involved. 

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Financial Security

☑  Safeguards the project owner from financial losses

☑  Typically covers 10–20% of the contract value

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Builds Credibility

☑  Demonstrates the contractor’s financial stability and professionalism 

☑  Reassures stakeholders and project investors

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Contract Requirement

☑   Often mandatory in government or large-scale contracts

☑   Required for many public and private construction contracts

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Supports Project Continuity

☑  Ensures a backup plan is in place if issues arise

☑  Protects against delays, poor workmanship, or non-completion

Why choose Checkmate for Surety Bonds?

At Checkmate, we don’t just issue bonds – we deliver peace of mind. Our experienced underwriting team works fast to get your bond approved and in place, helping you move forward with confidence. 

1

Fast, Competitive Quotes

Use our online platform to get a quick quote, often in under 24 hours. 

2

Quick Issuance

Once approved, we issue your bond documentation promptly - no delays, no stress. 

3

Construction Experts

We specialize in the construction and property sector, so we understand your world and your needs. 

4

Exceptional Support

From quote to completion, our UK-based team is here to support you. Reliable. Professional. Efficient. 

5

FCA Regulated

All of our surety bonds are fully compliant and backed by leading insurers, offering total confidence. 

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Stakeholders discussing outside building under construction.
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Get a Quote Today

Checkmate makes it easy to secure a Performance Bond or any surety bond you need. Whether you're bidding on a new contract or need to fulfil tender requirements, our streamlined process makes it quick and cost-effective.

Start your quote today and get covered fast.
Get Your Quote Today

Who needs a Performance Bond?

Performance Bonds can be used by a variety of parties involved in construction and you can trust Checkmate to help you secure the right quote for you – simply, quickly, and securely.

Contractors

Main Contractors bidding on large-scale residential or commercial projects.

Developers

Developers requiring assurance from subcontractors.

Authorities

Local Authorities or Lenders needing financial guarantees to reduce exposure.

Managers & Owners

Contract Managers or Project Owners looking to protect delivery timelines.

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Other Surety Bond Types Available

While Performance Bonds are the most requested, we also offer:

  • Advance Payment Bonds - Securing upfront payments to contractors
  • Bid Bonds - Guaranteeing commitment during the tender process
  • Retention Bonds - Replacing retention funds with a financial guarantee
  • Maintenance Bonds - Covering defects during the post-completion period
Get Your Quote Today

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