Contract & Tender Security
Warranty (Maintenance) Bonds
Cover the maintenance period after handover.
What It Is
A warranty bond, also known as a maintenance bond, guarantees that a contractor will remedy any defects that emerge during the warranty period following practical completion and handover of a project. It gives the project owner recourse if the contractor is unwilling or unable to return to site to correct defective works.
This bond typically follows on from the performance bond, covering the period after the main works are certified complete but before the contractor's obligations are fully discharged — commonly 12 to 24 months depending on the nature of the works.
Warranty bonds are frequently required on building, road, and infrastructure projects where latent defects may only become apparent after a period of use.
Who It's For
- Contractors handing over completed construction or infrastructure works
- Project owners requiring post-completion defect protection
- Firms managing multiple projects at different lifecycle stages
Key Benefits
- Satisfies the contractual warranty or maintenance period requirement
- Allows performance bonds to be released at practical completion
- Structured for the specific defects liability duration
- Reassures project owners of continued accountability post-handover
How to Apply
Confirm handover details
Provide the completion certificate and the warranty period specified in the contract.
Assessment
We review the project outcome and contractor's track record.
Issuance
The warranty bond is issued for the agreed maintenance period.
Typical Requirements
- Practical completion or handover certificate
- Signed contract specifying the warranty period
- Company registration documents
- Note: requirements vary by facility
Frequently Asked Questions
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