Advance payment guarantees

Down payment guarantees at GfK

Definition

Guaranteed are claims of the principal for repayment of advance payments made against his contractor.

Target group

Companies that have agreed to down payments with their clients on the service to be provided, e.g., construction companies, building tradesmen, property developers and general contractors, mechanical and plant engineering companies.

Procedure

The client makes a down payment to his contractor – for example, to coverage the costs of procuring materials.

The risk of loss of this advance payment – e.g. due to insolvency of the contractor – is coverage by the advance payment guarantee.

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Phone: +49 (0) 221 / 88 88 57-0
E-Mail: kontakt@gfkmbh.com

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You receive these and many other benefits when using our free claim service

  • Higher claims settlement rates
  • Fast Compensation
  • Support in communication with the insurer