RMACHADO GROUPINSURANCE INTERMEDIARYRMACHADO GROUP · THE MAGAZINE
The answers you are looking for about surety. Choose an editorial series and explore one question at a time.
12 articles
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Check whether the records show only a new name for the same legal entity or a transfer to another entity. Identification does not decide payment under the guarantee.
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Portugal’s Public Contracts Code provides several forms of security. That does not dispense with reviewing the guarantee or authorise replacing one already provided.
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Portuguese surety insurance has a specific notice rule for an unpaid premium. Understand the beneficiary’s role and the meaning of a non-opposability clause.
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Finishing the works does not by itself determine release of a public-contract bond. Separate completed obligations, defect warranties and documents.
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Include the current procedure programme and required guarantee model in a surety request. Check the full wording and avoid conflicting document versions.
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Payment to a beneficiary does not resolve every policyholder obligation. Understand the reimbursement provision and organise recourse clauses.
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Assess replacing construction retentions with a bond. Distinguish the Portuguese public-contract rule, secured obligation and actual release of funds.
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The guaranteed amount and premium answer different questions. Organise a surety quotation request and compare costs without confusing those figures.
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Distinguish payment and advance-payment bonds by the obligation and parties involved before preparing a specific enquiry.
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A customs bond and cargo insurance serve different purposes. Identify the obligation, beneficiary and goods being transported.
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Distinguish an annual surety policy from the individual guarantee period. A project amendment does not prove an accepted extension.
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Identify the policyholder, insured creditor and contractual obligation before requesting surety insurance assessment in Portugal.
Read articleInformation to help you understand insurance. Conditions and acceptance depend on each contract.
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