Commercial surety bonds
for Australian contractors
TGS provides retention bonds as commercial surety undertakings — helping contractors release tied-up retention funds and free working capital.
How bonds workWhat is a retention bond?
A retention bond is a commercial surety undertaking issued by TGS to a head contractor or principal, allowing a subcontractor to recover retention monies held under a construction contract. The bond guarantees the principal's right to call on TGS if the contractor fails to meet their obligations.
Apply through your broker
TGS distributes exclusively through authorised brokers in the NCI and Steadfast networks. All bond applications are originated and managed through your introducing broker. Contact your broker to begin an application.
Bond limits
Retention bonds up to $750,000 per bond, with an aggregate facility of up to $1,500,000 per contractor across all active bonds. All bonds are backed by director personal indemnities and property-backed security.
Important notice
TGS products are commercial surety undertakings, not insurance. Acceptance of a bond carries a full reimbursement obligation. Before applying, read the Consequences and Obligations page.