Have the reassurance of being protected by Surety Bonds if a contractor defaults.
A range of contract and commercial bonds are managed by a limited insurance market for construction contract bonding in Australia and New Zealand.
Surety bonds are designed for:
- general builders
- civil, heavy and specialist engineering
- manufacturing, and
- mining
The range of contract and commercial bonds available include:
- performance bonds
- maintenance bonds
- bid bonds
- retention bonds
- advance payment bonds, and
- off-site materials bonds.