Performance bonds protect project owners if a contractor fails to fulfil their obligations — giving clients confidence and contractors credibility to win bigger contracts.
From tender to project close-out, there's a bond structured for where you are in the contract cycle.
Guarantees that a contractor will honour their bid and sign the contract if awarded the tender.
Guarantees that the contractor will complete the project according to the agreed contract terms.
Releases retained contract funds early while still guaranteeing the contractor's performance obligations.
Bonds issued through a licensed agency, recognised by project owners and procurement bodies.
Bond premiums priced against your contract value and risk profile.
Straightforward documentation gets your bond issued quickly, so you don't miss tender deadlines.
A bid bond guarantees you'll honour your tender bid if awarded; a performance bond guarantees you'll complete the awarded contract.
Bond premiums are usually a small percentage of the contract value, based on the project risk and your track record.
Straightforward bonds can be issued within a few business days once documentation is complete.
The bond compensates the project owner up to the bond value; we'll work with you to understand your obligations before that happens.
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