Surety and Guarantee for CONSIP Tender Notices and Contracts

Consip (Concessionaria Servizi Informativi Pubblici), the joint-stock company of the Ministry of Economy and Finance (MEF), is responsible for purchasing goods and services for Public Administration. The drafting of texts for Insurance Sureties is particularly burdensome for insurance companies, and the tenders often involve large amounts.

Our company specializes in issuing sureties and guarantees (both provisional and definitive) for participating in Consip tender competitions, with particular attention to amounts over 100 million euros.

The text of the Consip Insurance Surety is characterized as an Independent Guarantee Contract; the surety can be executed independently of the validity, effectiveness, or existence of the underlying relationship that generated the request for the guarantee.

Payment of any execution must occur within 15 days upon a simple written request without any opposition.

For your requests for Insurance Sureties for Consip tenders, we issue immediate quotes, operate throughout Italy, including the islands, offering the support of expert professionals in the field.

What are the features of sureties for Consip tenders?

Insurance sureties for tenders managed by Consip, the entity in Italy responsible for centralizing purchases for public administration, have specific characteristics that reflect the requirements for public tenders. Here are some of the main features:

1. Compliance with Regulations: The sureties must comply with current regulations related to public tenders, including specific requirements set by Consip and European directives on public procurement.
2. Authorized Issuers: The sureties must be issued by credit institutions or insurance companies authorized to operate in Italy and, in some cases, must comply with specific directives from Consip.
3. Duration: The duration of the surety must cover the entire period of the contract, including any post-completion warranty period, and can be extended until the completion of all contractual obligations.
4. Amount: The amount of the surety is generally a percentage of the total contract amount, in line with the thresholds established by Consip for the specific tender.
5. Specific Conditions: The sureties must include terms and conditions that reflect the specific requirements of the tender, such as the waiver of the benefit of the debtor’s prior challenge and the waiver of exceptions provided by the civil code.
6. Digitalization and Verifiability: In line with recent trends and regulations on digitalization, sureties can be requested in digital format and must be easily verifiable by the issuing entity.
7. Transparency Requirements: The sureties must be clear and transparent, with terms easily understandable, to ensure that all parties involved understand the obligations and conditions of the guarantee.
8. Execution and Enforcement: The conditions for executing the surety must be clear, establishing under what circumstances the contracting authority can request activation of the guarantee.

Insurance sureties for Consip tenders are therefore guarantee instruments that must meet criteria of reliability, transparency, and compliance with regulations, ensuring that contractors fulfill their contractual obligations and protecting the interests of the contracting authority.

In the definitive guarantee managed by Consip, an independent guarantee contract has specific features that respect both the general requirements of public tenders in Italy and the particular needs of Consip. Here are the main features of an independent guarantee contract in this context:

1. Independence from the Main Relationship: The guarantee is independent of the main contract of tender. This means that the guarantor’s commitment (typically a bank or an insurance company) to pay is independent of the contractual obligations between the contractor and the contracting authority.
2. Unconditional: The guarantee is usually unconditional. The guarantor commits to paying the contracting authority the amount specified by the guarantee upon simple request, without the need for the contracting authority to prove non-performance by the contractor.
3. Waiver of Defenses: Typically, in the independent guarantee contract, there is a waiver of the benefit of the debtor’s prior challenge (the contractor) and the exceptions of article 1957, second paragraph, of the Italian civil code.
4. Duration and Amount: The duration of the guarantee aligns with the lifecycle of the tender contract, including any post-completion warranty periods. The amount is generally a percentage of the contract value, defined based on the contract specifics and Consip guidelines.
5. Clarity and Specificity: The conditions, obligations, and rights arising from the guarantee must be clearly defined and specified in the guarantee contract.
6. Legal Requirements and Regulations: The guarantee must comply with current regulations on public procurement, including the provisions of the Public Procurement Code and specific guidelines from Consip.
7. Irrevocability and Modifiability: The guarantee is normally irrevocable and cannot be modified or canceled without the consent of all interested parties, including the contracting authority.
8. Rapid Execution: In case of activation, the guarantee stipulates that the payment by the guarantor be made quickly and without complications, to ensure prompt resolution of any non-compliance.

These characteristics make the independent guarantee contract a key element to ensure security and seriousness in the execution of public tender contracts, providing a solid financial guarantee to protect the contracting authority.

Other surety policies for Tenders that we handle:

• Surety for public procurements

• Provisional surety for tender competitions

• Sureties for complex procurements: TRENITALIA, Enel, CONSIP

• Surety for balance payment

• Surety for unblocking withholding guarantees

• CAR Insurance Policy for Procurements

HIGHLY REQUESTED SURETIES THAT WE HANDLE

Bank Guarantee for Tourist Visa

Bank Guarantee for Study Visa

Bank Guarantee for family reunification

Do you need further clarifications?

Do you have any questions? Need the CONSIP insurance policy urgently?

Call Now!! We respond in real time to all your questions, Tel. +39 055 49.32.199 – Tel. +39 02 667.124.17

Write via WhatsApp: +39 366 2097030 or viaemail: info@italiafideiussioni.it

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