Current trends in the field of Surety Bonds
The surety bond market continues to undergo transformations driven by key factors such as the global economic environment, technological advancements, and regulatory changes. Despite these developments, the sector retains a strong non-automated component due to the complexity of risk assessment, which remains a highly detailed process that cannot be fully digitized. In this article, we […]
Essential documents to participate in public tenders in Portugal
In Portugal, companies wishing to participate in public tenders must follow a set of specific rules that guarantee transparency and fair competition. Public tenders, whether for works, services, or supplies, are governed by the Public Contracts Code (CCP), a key legislative framework ensuring an open and transparent process. Below, we detail the essential documents that […]
Strategies to maximise the use of the Plafond
In the business world, the ability to efficiently manage guarantees is crucial to securing participation in public tenders for the supply of goods or services and for large infrastructure projects. An essential tool in this process is the Plafond, a pre-approved guarantee facility that provides a flexible and agile solution to meet market demands. Through […]
Essential documents to participate in public tenders
Public tenders represent one of the most important ways for private companies to take part in projects funded by governments and public administrations. However, participating successfully in a tender requires meeting a series of documentation requirements that vary depending on the nature of the project, the country, and applicable legislation. In this article, we explore […]
The return of tenders in Spain in 2026: how the surety bond is getting ready for a new cycle of public investment
The official figures published throughout 2025 confirm a scenario of growth in public procurement in Spain, with a significant increase in the volume of tenders compared to previous years. This trend points to a more active context heading into 2026, in which administrations and companies are preparing for a greater number of tenders linked to […]
Surety bonds: real examples and usefulness
In today’s complex business world, surety bonds are a tool that offers protection to both companies and individuals by providing a technical guarantee that supports the fulfilment of contractual obligations, perfectly replacing the traditional bank guarantee. Whether in the construction sector, service provision, or any other activity, it plays a key role in providing financial […]
Types of Guarantees Required in Public Procurement
Guarantees required in public procurement are instruments designed to ensure that contractors fulfill their contractual obligations according to the terms agreed upon. These guarantees are commonly used in construction projects, the supply of goods or services, and other agreements where the contractor assumes specific commitments. They are imposed on awardees and, depending on the tender, […]
Spain aims for renewables to supply 81% of electricity by 2030
The wait is over. Spain is reshaping its energy path with a new strategic vision. After three years since the last update, the government has taken a major step forward in the roadmap that defines the expansion goals for 2030 in solar, wind, and other clean energy sources. At this point, the Ministry for the […]
Advantages of surety insurance over bank guarantees
Surety insurance and bank guarantees are interchangeable options when we need to provide a financial guarantee to ensure compliance with contractual obligations. In these cases, both instruments can be used, either a bank guarantee or a surety insurance. In this article, we discuss the differences between the two and why surety insurance offers significant advantages. […]
How to Obtain a Surety Insurance Policy
If you need to obtain a surety insurance policy, this article will explain how to do it, what is required, and, most importantly, why it can be useful in various contexts, especially in public tenders and certain highly specific sectors. A surety insurance is, without a doubt, the best option to ensure your company fulfils […]
What is a Surety Insurance For?
It is the best alternative among existing guarantees to present to public administrations and large private companies when applying to take part in certain projects. Surety insurance allows an SME, a self-employed professional, or any company to have additional financial backing, broader than what they could provide on their own. The Insurance Contract Law governs […]
Decommissioning Guarantees in Renewable Energy: Complying with Environmental Restoration
In certain industrial, agricultural, and livestock-related economic activities, an environmental restoration guarantee is required to ensure the safe and controlled decommissioning of facilities in order to prevent environmental risks and manage waste appropriately. Specifically, to obtain a construction license for a renewable energy plant, many regional governments in Spain require the deposit of a decommissioning […]