1 / 5

SACE tools supporting Italian construction companies

SACE tools supporting Italian construction companies . Ance, April 29, 2009. Contract Award . Tender Bid. Execution. Provisional Taking Over. Final Taking Over. SACE tools supporting Italian construction companies .

victoria
Télécharger la présentation

SACE tools supporting Italian construction companies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SACE tools supporting Italian construction companies Ance, April 29, 2009

  2. Contract Award Tender Bid Execution Provisional Taking Over Final Taking Over SACE tools supporting Italian construction companies • Insurance tools to guarantee the execution of contractual obbligations: Surety • Bid Bond • Warranty/ Maintenance Bond • Advance Payment Bond • Performance Bond • Retention Money Bond • Insurance tools to guarantee Credit & Production Risks: Export Credit • Export Credit Policy • Civil Work Policy

  3. Validity Until Contract Award Until Final Taking Over Until Final Taking Over Until Provisional Taking Over Until Provisional Taking Over Nature of Risk failure to perform Surety % of Contract Up to 5% Up to 30% Up to 20%(1) Up to 10% Up to 10% Bid Bond Money Retention Bond Advance Payment Bond Performance Bond Maintenance Bond Payment of sums released before the date for payment according to the terms of the Contract. Adequate performance for a specified time period following the execution of the Contract • Failure to enter into the contract or to provide performance or other bonds pursuant to the tender. Satisfactory execution of the Contract Repayment of any sum advanced under or for the purpose of the Contract. Risk Coverage Up to 70% risk sharing for Bank Counter-Guarantees, i.e.“Polizza Fideiussioni” (by SACE SpA) Up to 100% for Domestic&International “direct” Surety Bonds (by either SACE BT or SACE SpA (2)) % of Coverage Insured Party Bank on behalf of the Italian Company Italian Company (2) Based on the specific transaction requirements (1) Up to 100% in US markets ;

  4. Insured Party Bank Italian Company Italian Company Export Credit Civil Work Policy Supply Credit Policy Buyer Credit Policy • payment of works carried out by the Italian company based on work progress or Milestones pursuant to the terms of Contract (2) • unfair bond calling; • requisition/confiscation /destruction of goods & machinery exported for the execution of works. • deferred payments for overseas supplies made by the Italian company; • unilateral termination of contract; • unfair bond calling; • destruction/requisition /seizure. • Repayment of the financing for the Contract (1) Risk Coverage Nature of Risk Commercial and Political Commercial and Political Commercial and Political Up to 100% of export contract value Up to 100% of export contract value Up to 100% of production, credit and ancillary risks % of Coverage (2) Usually financed through own funds (1) Usually financed through external funding

  5. Thank you for your attention

More Related