Surety Bond & Bank Guarantee
Bid bonds, performance bonds, and project guarantees for contractors in Indonesia.
Surety Bond and Bank Guarantee are essential for contractors and businesses participating in government tenders or fulfilling contract obligations in Indonesia. We help contractors navigate both options — surety bond (issued by insurance companies without cash collateral) and bank guarantee (issued by banks with cash deposit).
We work with major insurance companies and banks to issue: Bid Bond (Jaminan Penawaran), Performance Bond (Jaminan Pelaksanaan), Advance Payment Bond (Jaminan Uang Muka), Maintenance Bond (Jaminan Pemeliharaan), and Payment Bond.
Surety bond premium typically ranges from 0.5% to 2% per year, depending on bond type, contractor profile, and project characteristics. Bank guarantee fees are usually 0.5% to 1.5% per year plus cash collateral holding cost.
- ✓ Bid Bond, Performance Bond, Advance Payment, Maintenance Bond
- ✓ Available without cash collateral (surety bond)
- ✓ Fast issuance — 1-3 days for regular clients
- ✓ Accepted by government tenders (LPSE, LKPP)
- ✓ Compare surety vs bank guarantee options
- ✓ End-to-end support from issuance to bond release