Surety Bonding

Surety bonds are financial instruments that are an alternative to traditional Bank Guarantees where there is a performance bonding guarantee requirement.

Surety bonds are provided by AA and A+ rated, APRA approved, insurance companies which are comparable in rating to the Australian big four banks.

In short, Bank Guarantees tie up working capital while surety bonding is provided without tangible security.

The bond underwriters offer sophisticated credit evaluation techniques that take into account your ability to perform the contract in the first instance and secondly your ability to indemnify the surety in the event that the bond is called.

Surety bonds are widely accepted in the Australian and global market place by government, banking and commercial counter parties.