Surety bonding is how contractors prove to owners that they can bid, perform, and pay their subs and suppliers. Whether you're trying to get your first bond or you already have an active facility, the right broker makes a difference. We have a dedicated surety department and know time is money.
Used at tender stage. Shows the owner you're serious and that you'll sign the contract at your bid price if awarded, subject to the tender terms. Often accompanied by an agreement to bind.
Guarantees the contractor will complete the project according to the contract. If there's a default, the surety steps in, subject to the bond terms. Often extends at least 1 year from when the job is completed.
Guarantees qualifying subs and suppliers are paid for labour and materials supplied to the bonded project. Owners like these because they reduce lien pressure and disputes on site.
The business doing the work and asking for surety support.
The party requiring the bond as part of tender or contract award.
The financial backing behind your promise. If the contractor fails to perform, the surety responds under the bond terms.
Surety is not the same as insurance. It's underwritten like credit. The better your financials, track record, and planning, the higher the limits you can access.
The business doing the work and asking for surety support.
The party requiring the bond as part of tender or contract award.
The financial backing behind your promise. If the contractor fails to perform, the surety responds under the bond terms.
Surety is not the same as insurance. It's underwritten like credit. The better your financials, track record, and planning, the higher the limits you can access.
Need bonding help for an upcoming tender?
If you already have a facility, we can typically issue bid bonds and the required tender letters quickly. If you're new to bonding, we'll guide you through the cleanest path to get set up. Surety set-up can be done in as little as 48 hours if we have everything we need.
Most contractors maintain a surety facility that covers tender-stage items like bid bonds and standard tender letters. A common annual cost is around $2,500 to maintain the facility, and bid bonds typically do not have a per-bond charge.
The single limit is the largest job size you can bid on, the aggregate limit is the sum of all work you have out to tender. We often check in with you to see if you've won a particular job so we can keep your aggregate limit up-to-date.
In many cases, we can issue bid bonds and the standard tender-stage letters in-house for top surety companies. When approvals are needed, we'll tell you up front and move it through quickly.
Most contractors maintain a surety facility that covers tender-stage items like bid bonds and standard tender letters. A common annual cost is around $2,500 to maintain the facility, and bid bonds typically do not have a per-bond charge.
The single limit is the largest job size you can bid on, the aggregate limit is the sum of all work you have out to tender. We often check in with you to see if you've won a particular job so we can keep your aggregate limit up-to-date.
In many cases, we can issue bid bonds and the standard tender-stage letters in-house for top surety companies. When approvals are needed, we'll tell you up front and move it through quickly.
Here's what most tender packages mean when they say provide bonding. Every tender package is a little different. We review the bond wording, make sure it matches the tender instructions, and issue what you need.
When bidding on contracts that require bonding, typically public sector, municipal, or larger private projects. Owners use bonds to ensure contractors can perform and pay their subs.
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