Insurance - Sydney, New South Wales, Australia
CONTACT: steve.osborne@allpoints.com.auWe negotiate and manage Surety bonding facilities for key construction contractors and specialist sub-contractors involved with the design, construction, operation and/or maintenance of projects across Australia & the Asia Pacific region.To maximise the bonding appetite and capacity available, we partner closely with each client to help justify their operational and financial strength. This ensures maximum bonding support when needed, as a substitute for traditional Bank Guarantees, placing each contractor in a stronger negotiating position with their financiers.To ensure acceptability of bonds, we analyse each contract to prove the investment grade solutions we present not only satisfy specific contractual bonding conditions but also work to strengthen the contractor cashflow. When engaged early in the process, we help strengthen the contractors' confidence to bid, knowing they can satisfy the performance bonding requirements in a timely manner after winning the bid, without the need of their Banks, and with minimum disruption to their overall cashflow.Core Infrastructure projects supported:• Social - Education, Health, Housing• Economic - Transport, Energy, CommunicationTypical bonding types issued:• Contract Surety - All bonds including Bid / Tender, Advance Payment, Performance, Maintenance, Defect Liability, Retention release, Off-site materials, etc• Commercial Surety - Workers' Compensation self-insured arrangements, Mining rehabilitation, Deferred equity contributionsIf a scenario exists outside the scope of ‘standard surety', our team will consult with you to analyse the particular risk and discuss likely solutions with a wide variety of local and global Insurance / Reinsurance markets to help design a solution.With 4 decades of experience, we look forward to sharing our Surety secrets with you soon.