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Looking for an alternative to bank guarantees?

Bonded Global Australia (BGA) offers Surety Bonds catering for a range of industries including the construction sector.

BGA may be able to help!

We've partnered with a leading APRA approved international insurance company to offer S&P A+ rated bonds for Australian 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're here to help!  It’s simple - We know the surety guarantee business and the pain bank guaranteed bonds can place on a business - so now we 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 BONDS   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) BONDS  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 BONDS 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'RE AFTER?

Drop us a line or give us a call - We'd love to hear about your upcoming project and to help out if possible!