How it works
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.
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
More than just a template, our step-by-step interview process makes it easy to create a Completion Guarantee.
Save, sign, print, and download your document when you are done.
Our step-by-step interview process makes creating a printable Completion Guarantee easy.Make Document
Ready to create your Free Completion Guarantee?
Your document is free within your one week membership trial.Make Document