Bonds, Insurance & Warranties
Bonds, insurance and warranties manages financial and contractual protections required to bid and deliver, including bid/performance bonds, insurance coverages, warranties, and associated costs, limits, and validity windows. This use case uses GenAI to extract coverage requirements from tender documents, links them to clauses and risks through EKG relationships, maintains traceable records of what was included in the quotation and why, and generates bonds/insurance compliance checklists with costed allowances and evidence packs.
Manage financial and contractual protections required to bid and deliver: bid/performance bonds, insurance coverages, warranties, and associated costs, limits, and validity windows.
- Typical inputs: tender requirements, contract terms, insurer/surety requirements, project risk profile, prior claims/coverage history
- Typical outputs: bonds/insurance compliance checklist, costed allowances, evidence pack, approval and renewal dates
- EKG + GenAI: extract coverage requirements, link them to clauses and risks, and keep a traceable record of what was included in the quotation and why.