Issuer and wording
Check the principal’s requirements for the acceptable issuer and exact bond format. Send any prescribed wording with your enquiry.
Performance Bond
for your project.
Start with the bond requirements in your Letter of Award or contract.
Send us the requested wording, amount and dates so we can discuss your enquiry and confirm whether we can assist.
What is a Performance Bond?
A Performance Bond is a guarantee provided to the project owner, principal or employer to support a contractor’s obligations under a construction contract. It concerns completion within the agreed period and compliance with the contract specifications.
It serves a different purpose from Contractors’ All Risks insurance, which concerns insured contract works and specified third-party liability. A bond does not replace that insurance.
Review the proposed bond wording and any indemnity or security requirements before proceeding. The issued bond determines the guarantee amount, validity and conditions for a demand.
Confirm what your contract requires
Amount and validity
Provide the required bond amount or percentage, contract value, commencement date, expiry date and submission deadline.
We will first confirm whether the requested bond can be considered. Issuance, terms and timing remain subject to the proposed issuer’s assessment and the principal’s requirements.
What to prepare
For an initial discussion, have these details ready. The final document list will be confirmed after review.
- Letter of Award or relevant contract clauses
- Principal / beneficiary name and address
- Required bond wording or template
- Contract value and required bond amount
- Required validity dates and submission deadline
- Company name, registration details and a contact person
Discuss how to provide any financial or sensitive supporting documents with the agency before sending them.
Common questions
Can I request a bank guarantee or an insurer-issued bond?
Tell us which issuer type your principal requires. We will confirm whether we can assist with that specific request before an application proceeds. This page does not promise access to either type.
How do I determine the bond amount and period?
Refer to your Letter of Award and contract. If the requirement is unclear, obtain clarification from the principal and share it with your enquiry.
Can I get a price or confirmed issue date online?
This website does not calculate bond pricing or issue bonds. Ask for the proposed terms and timing after your requirements and documents have been reviewed.
Does submitting an enquiry mean the bond is approved?
No. An enquiry is an initial discussion. Approval and issuance must be confirmed separately by the issuer.
YOUR NEXT STEP
Share your bond requirements.
Start with your project name, required amount and submission deadline. We will discuss the supporting documents with you.
Enquire About a Performance Bond ↗