SURETY BONDS – Olimpia

Bid bonds

Started July 30, 2018 851 0 0

They allow the participation to public tenders for the awarding of contracts related to works, supply or services guaranteeing the enforcement of the contract. The policy is required by the law for the participation to public tender procedures...

Performance bonds (“D.M. 123/2004-1.2/1.3/1.4”)

Started July 30, 2018 815 0 0

Insures the exact fulfillment of the obligations arising from the contract signed between the Insured and a public contracting authority. When a Company is awarded a contract, it has to submit this type of bond to guarantee the respect of the...

Surety bonds to guarantee tenders and procurement abroad

Started July 30, 2018 781 0 0

Olimpia MGA S.r.l., Managing General Agent Leader in Italy, has developed a division of professionals that for years have been offering insurance products and services to the Construction Industry for abroad constructions. Olimpia MGA assists his...

Construction bonds

Started July 30, 2018 730 0 0

On July 6th, 2005 it was published in the Official Journal the Legislative Decree n. 122 approved on June 20th 2005 which enforced Law n. 210/2004 that introduced in Italy a specific law for the protection of buyers of buildings under...

National register for environmental management companies bonds

Started July 30, 2018 955 0 0

The Legislative Decree 152/06 established the creation of the Italian Register of Environmental Operators, held by the Ministry of environment and protection of land and sea. Operators who carry out waste transportation activities, have to...

Customs bonds

Started July 30, 2018 770 0 0

Policies for the deferred payment of custom duties, imports and other custom operations.

Grant bonds

Started July 30, 2018 791 0 0

Regional, State or European authorities may finance some activities such as research and innovation, new companies, traineeships and workshops, development of suburban areas. In such cases the Company may ask for an anticipation of the global...

Urbanization bonds

Started July 30, 2018 920 0 0

The Italian law requests that, in regard to a planning permission application, fees are paid to the local council. These policies guarantee that the builder pays the fees.

VAT refund bonds

Started July 30, 2018 898 0 0

In case on the basis of the annual VAT declaration, by means of which Companies declare the amount of VAT paid to the State, it appears that part of the amount paid to the State has to be returned to the Company, the latter is entitled to get it...

Surety bonds to guarantee operations of waste disposal and/or recovery

Started July 30, 2018 872 0 0

Italy has implemented ECC directives nn. 91/156 on general waste, 91/689 on hazardous waste and 94/62 on packaging waste through specific laws aimed at regulating the area of waste management in all its possible forms. Currently, Law n. 36/2003...

Balance payment

Started July 29, 2018 597 0 0

II Garante si impegna nei confronti della Stazione appaltante, nei limiti della somma garantita, alla restituzione totale o parziale della rata di saldo per il pagamento di quanto eventualmente dovuto dal Contraente per difformità e vizi...

Surety bonds to guarantee restoration works in mining activities

Started July 28, 2018 770 0 0

Mining company are obliged to guarantee the respect of the obligations referred to the preservation of the territory where they operate. Currently Italy does not have a specific law regulating the subject matter, therefore, the rules are provided...