Valuline 155 (Pty) Ltd t/a Fusion Guarantees
Insurance in Alberton

Fusion Guarantees have been operating in the guarantee market over the last three years. Fusion Guarantees provides guarantee facilities based on a dynamic platform of Accounting, Legal, Construction and Insurance knowledge. The Fusion Guarantees' team provide excellent guarantee placement services and deals with A-rated insurers in South Africa. Fusion Guarantees have issued guarantees for contractors on contract values amounting to over R5 billion over the last 3 years.

Fusion Guarantees’ system and process enables equal access to credit guarantee opportunities for construction businesses within the structured legislative framework of the National Credit Act. We believe that it is imperative that contractors receive the right financial support to enable them long-term growth and to improve their liquidity. Our products are structured to assist construction businesses obtain sureties, guarantees and insurance products at affordable rates. Through the years, we have established ourselves as a niche service provider of sureties and guarantees for small to medium sized contractors. Our intention is to continue supporting emerging and growing construction businesses, ultimately becoming the preferred credit provider of credit guarantee products and services in South Africa. We strive to always operate our business with integrity and transparency. We endeavour to provide the best service possible, at all times. We are a socially responsible corporate citizen by continuously supporting emerging contractors and driving skills development. We strive for continuous development and refining of our products and services. As part of our requirements it is important that assets provided as security are properly insured and is a condition of our credit facility agreements. Where insurance related cover is required Fusion Guarantees (Pty) Ltd can refer you to a large panel of Financial Services Providers that can assist with Asset Insurance, Contract Works Insurance, Liability Insurance covers etc to meet our security requirements. Fusion Guarantees is a registered credit provider that assists contractors and small to medium businesses with contract guarantees and commercial credit needs. Firstly bid bonds are required in connection with the submission of tenders of contracts with the public authorities and or private owners. The object is to guarantee that the Bidder (Constructor), if awarded the Contract will enter into the said agreement and furnish the prescribed Performance Bond. A Performance Bond is required of a Contractor to guarantee the full and due performance of the Contract according to plans and specifications. The normal coverage provided by a Maintenance Bond is a guarantee against defective workmanship or materials after completion. These maintenance guarantees are also admitted in place of the retainer of up to 10%. In essence this type of Bond is similar to the Maintenance Bond and basically covers the same parameters. The amount guaranteed should decrease in accordance with the portions of work performed.