Building Completion Bond
Construction Completion Insurance is an insurance product that guarantees the completion of the construction projects and thus guarantees the payments made by the consumers based on the pre-paid housing sale contract.
Business Steps
1. Application for Building Completion Bond
2. Scoring of the construction company
3. Building Completion Bond note
4. Limit definition
5. Single limit
6. Aggregate limit
7. Issuing Surety Bond is to present to completion notes per received apartment to each consumer, owner or investor and activating the system register.
8. Project monitoring
9. Financial monitoring
10. Delivery of the project by the construction company
11. In the event that the project is not completed, the platform members shall complete the procedures for completion by the service providers in accordance with the general conditions on behalf of the reinsurance and insurance company.
