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REVAU Surety brings together a team of experts recognized in the industry for their knowledge, capacity for innovation and customer service
This expertise is at the service of brokers, regardless of their level of specialization in surety bonds. We support brokers throughout the underwriting and file management process.
Who is our surety product designed for?
REVAU Surety works exclusively with brokerage firms to serve contractors who require surety bonds for their projects. General contractors, specialized contractors, developers and service companies are targeted, regardless of their size or stage of development.
Surety Bond: The surety bond is required by the client to secure the price quoted by the contractor.
Letter of Undertaking: The Letter of Undertaking, which usually accompanies the seruty bond, is a formal commitment by the insurer to issue performance and payment bonds for labor and materials when the selected contractor agrees to sign a contract with the client.
Performance Bond: Is requested by the client to guarantee the performance of the contractor's obligations or the work under a contract signed between a contractor and a client. In the event of default by the contractor, the insurer will assume the additional cost up to the amount of the bond to complete the work in accordance with the terms of the contract.
Labor and Material Payment Bond: The Labor and Material Payment Bond is required by the client to guarantee payment of labor, subcontractors and material suppliers who have entered into a contract with the Contractor performing work on the project described in the bond.
Maintenance Bond: The maintenance bond is requested by the client to guarantee the quality of the work performed by the contractor and the materials used over a certain period of time. Note: This bond does not guarantee normal wear and tear.
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