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Looking for an alternative to bank guarantees?

Bonded Global Australia (BGA) offers project specific Surety Bonds for SME contractors catering for a range of industries.

BGA may be able to help!

BGA is partnered with a leading APRA approved international insurance company to offer S&P A+ rated bonds for Australian and New Zealand domiciled contracting companies. Surety Bonds assist by freeing up valuable working capital and credit lines normally required as security under a bank guarantee.  From small to large bonds - we are here to help!  It’s simple - we know the surety guarantee business and the strain traditional bank guarantees can place on a business - so now you now have a great alternative!


Types of Surety Bonds

Businesses are often required to provide a performance bond that gives stakeholders a guarantee of financial compensation in case the business cannot complete the project as specified. Increasingly, such performance bonds are a prerequisite for contracts being awarded in a wide range of fields. Being able to provide a Surety Bond opens doors for businesses, making it far more attractive for decision makers to award contracts to them.


  • CONTRACT PERFORMANCE BOND  Secures the contractors' performance obligations to the sum specified in the contract. Performance bonds are generally issued on an unconditional, irrevocable and on demand-basis
  • RETENTION BOND   At completion of a project, you may want your retained funds returned to you. Offering a retention bond thus provides security to the Beneficiary (Principal) in exchange for the release of the cash retention held
  • MAINTENANCE (Defects Liability) BOND  These bonds are provided to secure post completion obligations during the warranty or defects liability period. This is generally for a 12 months post completion tenure
  • ADVANCE PAYMENT BOND These serve to secure the position of the contractor where funds are advanced for the purpose of purchasing equipment, staff mobilisation or site establishment etc.


NOT QUITE SURE WHAT YOU ARE AFTER?

Give us a call or drop us an email - We would love to hear about your upcoming project and to help out if possible!