Supporting your business growth
Having to pay a bond is a common business practice when tendering for large capital projects. Likewise, successful businesses are often required to lodge a Performance Bond after being awarded the contract. If you need assistance, ANZ’s Bid and Performance Bond products are designed to support you.
ANZ Bid and Performance Bonds:
- Demonstrate your company is reliable, a sound business and has the ability and required skills to carry out the work being tendered for;
- Secures payment for the beneficiary (the contracting party) in the event the contractual promises are not fulfilled;
- Can also be used as a financial fall-back in the event the successful contracting party is unable to carry out any part of the tender as submitted and it becomes necessary to place the project, or part of it, out for tender again;
- An indication that your company has the necessary skills and capabilities to comply with the agreed terms and conditions of the contract.
Terms and Conditions are available upon request. Fees and Charges are payable.