Overview

The AU$424 billion p.a. Australian construction industry primarily uses cash and bank guarantees to safeguard performance risk. This costs the industry ~AU$17 billion in annual liquidity. There is a cascade of bonding requirements from owner to contractor to subcontractors, causing repeat coverage of the same risks. This is inefficient and does not avail itself of the insurance industry’s expertise in pooling, analysing, financing and mitigating risk. BILD issues financial guarantees on behalf of contractors and their subcontractors (whole of supply chain) on a per project basis, increasing liquidity and reducing project costs. Our bonds are issued by reputable financial institutions on A rated paper and comply with the standard suite of Australian contracts and subcontracts.