Bid bond - A bid bond is a guarantee of serious intent by a party bidding for a contract. Can be called if bidder fails to proceed having been awarded the contract. Typically as a bid bond falls away, a performance bond is required in its place.

Performance bond - A performance bond is an insurance company's guarantee of a contractor's performance of his contractual obligations under a contract.

Advance payment bond - An advance payment bond is given as security for monies advanced at commencement of work on a contract. e.g. for purchase of materials.

Construction bond - A construction bond is given in support of performance on major contracts - similar in nature to a performance bond.

Deferred payment bond - Deferred payment bonds are used in connection with property purchase to cover deferment of purchase price or rent.

Development Bond - Development bonds are used where planning permission might be dependent on an undertaking to construct roads or sewers.

Personal guarantee indemnity - A personal guarantee indemnity insures against the calling of a personal guarantee liability (say by a company director given in support of a corporate obligation - e.g. to a landlord).

Recourse bond - A recourse bond is given in support of exporter's "with recourse liability" say to government export credit agency.

Restoration Bond (Reinstatement Guarantees) - A restoration bond is typically sought for major construction contracts, which may have a detrimental effect on the environment, and a form of performance bond is required to ensure that the landscape is restored following completion on the project. Also used for land fill waste operations, and quarrying, and may be a pre-requisite of planning permission.

Retention monies bond - A retention monies bond is given in lieu of employer making deductions or retentions from stage payments under a contract.

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