Supplier Program Guarantees:

• Advance deposits to contractors, suppliers, and/or service providers
• Fulfillments
• Good Quality
• Contractual Penalties
• Contingent liabilities according to labor obligations

Supplier Program Advantages:

• Legal bond agreement with the guarantor
• Comprehensive policy (security of texts) with inclusion endorsements
• Adaptation, consultancy, and revisions of agreements
• Adaptation of bond texts according to the bond’s obligations
• Analysis of technical, financial, and moral solvency of the contractors, suppliers, and service providers
• Bond subscriptions
• Electronic validation of bonds
• Online control and administration of existing bonds
• Claims consultancy

Supplier Program Benefits:

• Guarantees the fulfillment of obligations the beneficiary contracts with suppliers and contractors
• Compensates damages caused by a possible breach by the bonds.
• It issues, manages, and controls bond policies required to guarantee the obligations of contractors, suppliers, and/or service providers

Implementation of Supplier Program

Detection and analysis of necessities
As a first step, it is important to know the agreements, sales orders, experience in claims, suppliers lists, supplier policies, cities where the delivery or control of bonds are needed.

Development
As a result of an analysis of agreements and sales orders, texts that are appropriate to the needs of the beneficiary are recommended.

Implementation
Within agreements and sales orders, determining the channel that suppliers and contractors must follow for the proceedings of their bonds is recommended.