Who can use surety bonds?
Companies that are required to post a bank performance bond, retention bond or other guarantee or retention to secure the performance and satisfaction of their obligations under building and construction contracts.
FAQ
Who accepts your bonds?
Local government and main contractors in New Zealand and Australia.
We are a new business can you help us?
We look at all applications on their merits including those from young companies and will look for additional security in some cases to support an application.
How long does it take to process an application?
We aim to turn applications around promptly and that means that we can normally provide a conditional approval within 24 hours after we receive your completed application.
Why do you need a personal guarantee?
As a surety bond provider, we stand behind your business and we need to know the directors and shareholders stand behind your business as well.
How much does it cost?
Our fee is based on several factors including the type of bond issued, the term it is issued for and the amount. Companies often use surety bonds because they tend to be less expensive than tying up working capital as collateral for a bank bond. Get in touch with us and we will be able to provide you with a quote.