Advance Payment Bonds | BBi Ireland
BBi Ireland can arrange independent or Advance Payment Bonds to protect your business, vehicles, people and more. Get in touch to discuss your requirements today.
What are Advance Payment Bonds?
An Advance Payment Bond is a form of financial security that protects any upfront payments made to a contractor before work begins.
In major construction and infrastructure projects across Ireland, it’s common for employers to release funds early to help contractors with mobilisation and procurement. But without the right safeguards, these payments can carry serious risk.
Advance Payment Bonds guarantee that if a contractor fails to deliver on their obligations, the client can recover the full advance payment.
Also known as Construction Advance Payment Bonds, these surety products give both contractors and developers peace of mind. By securing upfront payments, you reduce financial exposure and improve trust.
Whether you’re looking for a Contractor Advance Payment Guarantee, Performance Bonds in Ireland, or complete Advance Payment Bond Insurance, We arrange specialist, tailored solutions for every stage of your project.
How Advance payment bonds protect your investment
For contractors and suppliers, an Advance Payment Bond offers clear advantages—especially when working on large or competitive projects. At BBi Ireland, the Advanced Payment Bond solutions we arrange don’t just protect the client’s investment, they also give contractors the confidence to access upfront funding when it’s needed most.
With a bond in place, contractors can secure advance payments to invest in materials, labour, and site setup without delay. This helps improve cash flow at the start of a project and keeps things moving efficiently from day one.
Having a Surety Bond for Advance Payments also shows that a contractor is financially stable and serious about meeting their commitments. This can build trust with clients and partners, making it easier to agree better terms.
Combined with our knowledge in Performance Bonds, we help contractors and suppliers win more work, strengthen client relationships, and complete projects with greater peace of mind.
Advance payment bond solutions
At BBi Ireland, we provide comprehensive Advance Payment Bond solutions tailored to the needs of contractors, suppliers, and project owners across both public and private sectors. With our knowledge in advance Payment Bonds Ireland, we help protect your investment and keep your projects moving.
Advance Payment Bonds for contractors
Construction Advance Payment Bonds give contractors access to essential upfront funding, supporting mobilisation, procurement, and early-stage project costs. This means that contractors can strengthen cash flow, build client trust, and reduce financial risk with a reliable surety partner.
Advance Payment Bonds for suppliers
Suppliers benefit from early access to funds for materials, manufacturing, or logistics. Advance Payments reassure clients that advances are protected, helping suppliers secure better terms and manage deliveries with confidence.
Advance Payment Bonds for Public & Private Projects
Whether you’re managing a major infrastructure project or a private development, Advance Payment Bonds offer strong protection against contractor non-performance. We support projects of all sizes, ensuring public and private clients maintain financial security and project momentum.
Why Choose BBi as a Broker Partner
Our Heritage
Dedicated Account Manager
We have specific service level agreements with insurer partners, ensuring our clients get a great service.
In-house Claims Team
BBi Ireland has an experienced team of professionals looking after your needs when you need us the most.
35+ years’ experience
With up-to-date knowledge of the latest legislation and health and safety issues faced by companies across Ireland.
Flexible Cover
Our cover and payment methods are flexible so you can choose the option that suits your business needs.
One Stop Shop
We can arrange cover for a wide range of business and personal insurance requirements.
Get protected today
Frequently Asked Questions
It’s important to get the right Advance Payment Bonds for your business. To help you do that, here are our frequently asked questions about Advance Payment Bonds. If you’d like some independent advice, please call us on +353 49 433 1038, and the team will be happy to help.
An advance Payment Bond protects the upfront payment made by a project owner to a contractor before work begins. It ensures that if the contractor fails to perform, the advance is recoverable.
A Performance Bond, on the other hand, guarantees the contractor’s overall performance and completion of the project according to the contract terms. Many projects benefit from having both in place to safeguard against different types of risk.
The cost of an advance Payment Bond typically depends on the bond amount, the contractor’s financial strength, and the specific project details. Premiums are usually a small percentage of the bond value. At BBi Ireland, we offer low rates for all advance Payment Bonds Ireland solutions — contact us for a personalised quotation.
Advance Payment Bonds are commonly required by project owners, developers, and public sector bodies who release upfront payments to contractors or suppliers. Contractors and suppliers also benefit by demonstrating financial responsibility and securing funds to mobilise resources. Whether you’re involved in public infrastructure or private developments, BBi Ireland can tailor the right bond for your needs.
An advance Payment Bond typically remains in force until the advance payment has been fully earned through completed work or materials delivered, according to the contract. In many cases, this aligns with key project milestones. BBi Ireland’s team will help structure your bond duration to match your project’s specific timeline and requirements.
At BBi Ireland, we combine decades of experience in Performance Bonds Ireland with exceptional service, giving you access to the right Advance Payment Bond Insurance solutions for your business. Protect every advance with a bond you can depend on.
Speak to our team today to secure your upfront payments and move your project forward with complete confidence.
Contact BBi Ireland today to learn more about tailored advance Payment Bond solutions. Whether you’re a contractor, supplier, or project owner, we’re here to help you protect your
investment and move forward with confidence.
