Ask a lawyer
Our On Call attorneys are here for you.
Make your Free
Completion Guarantee
When you lend money for a construction project, you want to insure that it will be finished. A Completion Guarantee is a useful way to guarantee that the project will be realized. Perhaps you're a... Read more
How It Works
Create your document
Answer a few simple questions to make your document in minutes
Save, print & share
Save progress and finish on any device; download & print anytime
Sign & make it legal
Securely sign online and invite others to sign
Making a Completion Guarantee
-
What is a Completion Guarantee?
When you lend money for a construction project, you want to insure that it will be finished. A Completion Guarantee is a useful way to guarantee that the project will be realized. Perhaps you're a lender who provides loans to construction workers. Or you're a guarantor who is insuring a project. Maybe you're even the contractor who needs a loan. A Completion Guarantee is an important tool to minimize financial risk for lenders.
Use the Completion Guarantee document if:
- You're a guarantor who wants to insure a project.
- You're a lender who wants a project insured before approving a loan.
- You're a construction professional who wants to borrow money for a project.
- You manage a construction company, guaranty office, or company that provides loans.
With a Completion Guarantee, a "Guarantor" unconditionally and absolutely guarantees to the "Lender" that if the "Borrower" fails to complete the project, as required by the Construction Loan Agreement, that they (the Guarantor) will complete it. A Completion Guarantee can insure that if the project isn't completed, the lender is protected from risk.
Other names for this document: Completion Bond, Legal Completion Guarantee
WHY ROCKET LAWYER?
Easy legal documents at your fingertips
Answer a few simple questions to make your document in minutes
Easily customizable
Make unlimited revisions and copies. Sign online. Share and print anytime.
Legal and reliable
Our documents are vetted by lawyers and legal staff, so you can use them with confidence.
Added protection with Document Defense®
If there's a dispute, an On Call attorney can respond on your behalf. Included in your Premium plan.
Try Rocket Lawyer free for 7 days
Make your Premium document today and get back to doing what you love.