Operations & Maintenance Bond

What is an Operations and Maintenance Bond?

In the case of a Design, Build and Operate Project, a Certificate of Practical Completion marks the point at which the Contractor has completed contractual responsibilities and can release the Works to the client. The Contractor then moves into the Operations phase, depending on the project this could be 1 year, 10 years or longer.

Operation and Maintenance Bonds are a form of Performance Bond following completion of a project. They provide security to the project owner (the Obligee) for the ongoing running of the facility or plant which has been constructed.

Whatever your requirements are as you undertake a new project, be it a Bid Bond, Performance Bond, Retention Bond or in this case an Operations and Maintenance Bond the team at Surety Bonds can facilitate all for you. We will consider your requirements and best match them with a surety provider to deliver a bond that is bespoke to your terms and deliverables, whilst offering you excellent value. Contact…

Why get an Operations and Maintenance Bond?

  • They secure the project owner, the client, against the failure to operate the plant or facility to the standard or output agreed in the operations contract

Who requires an Operations and Maintenance Bond?

  • Construction companies
  • Engineering companies
  • Main Contractors
  • Sub-contractors
  • Oil Companies

Who is the beneficiary of a Maintenance Bond?

  • Irish Water
  • National Roads Authority – TII
  • Local authorities
  • Government bodies
  • Commercial companies

To get started

  • Complete the Operational & Maintenance Bond Proposal Form. Download here
  • Last two years consolidated audited accounts
  • Up-to-date management accounts
  • Details of banking and borrowing facilities (Bank information Form here) – client needs to send to their bank for completion
  • Advise form of contract
  • Copy of bond wording required

Whatever your requirements are as you undertake a new project, be it a Bid Bond, Performance Bond, Retention Bond or in this case an Operations and Maintenance Bond the team at Surety Bonds can facilitate all for you. We will consider your requirements and best match them with a surety provider to deliver a bond that is bespoke to your terms and deliverables, whilst offering you excellent value. Contact us today to discuss your requirements. 

Contact Forms - Surety Banner

Surety Bonds

Our process is seamless and requires very little effort from you. As our client you will benefit from both our expertise, and our established relationships with global surety markets.

Why Choose Surety Bonds

Because customers benefit from our experience in the Global Bond Market.

Experience

Our experienced team of surety specialists simplify the process for our clients as they secure tailored and competitive terms on their behalf.

Relationships

Firm relationships established with surety providers & specialist underwriters; ensuring we can get deals done securing favourable rates, terms & conditions without delays.

Trusted

As Ireland’s leading authority on surety bonds we are a trusted intermediary recognised and relied upon by Brokers nationwide as they provide best terms and service to their clients.

Meet Your Team

Colm McGrath, Managing Director of Surety Bonds and Director of Brady Insurance

Colm McGrath

Managing Director

Karen Halpin, Business Development Manager at Surety Bonds.

Karen Halpin

Business Development Director

Subscribe to our Newsletter and always be up to date!

News Leter Signup

Close Menu