Surety Bonds Explained If your business regularly tenders for projects, you’ll know that providing security to demonstrate you can meet your contractual obligations is essential. Traditionally, this has meant tying up cash or property to secure a bank guarantee — locking away valuable resources that could otherwise fuel growth. But there’s another option: surety bonds. Surety bonds provide the same unconditional, on-demand guarantee as a bank guarantee, but without requiring cash collateral or property security. That means you can free up working capital, reduce debt, and confidently tender for larger projects. For businesses with ambitious growth plans, and subject to...
