Now available - Australia, New Zealand & UK
Surety bond management, without the guesswork.
bondtrack gives contractors complete visibility over their surety bonds and bank guarantees - from application to return. One platform to track every instrument, quantify extension costs, and stop losing money to late returns.
Full Lifecycle
Application to return, tracked
Extension Cost KPIs
Quantify what late returns cost
Automated Reconciliation
Match records to issuer statements
Platform Features
Every bond. Every project. One platform.
Replace spreadsheets and email chains with a platform that is always up to date and purpose-built for surety bond and bank guarantee management.
Centralised Portal
A single dashboard with complete oversight over surety bonds, bank guarantees, applications, facilities, and projects. Replaces scattered spreadsheets with an organised, always-current view.
Extension Cost Tracking
See exactly how much late returns are costing you in extension premiums. Measure KPIs, drive accountability, and identify where processes break down.
Bond Application Workflow
Manage the full application process - tiered approvers, draft applications, premium comparisons across facilities, and a complete audit trail.
Bond Return Workflow
Structured return workflows ensure bonds are returned on time. Full audit trail and, in Western Australia, automatic statutory payment claim generation.
Excel Exports
Generate comprehensive reports at any time. Always up to date, always reflecting the latest data in the platform - no manual assembly required.
Issuer Reconciliation
Automatically reconcile bond and guarantee records against issuer statements. Catch discrepancies before they become problems.
UK Market
The UK is looking to ban retentions. Are you ready?
The UK Government's late payments consultation has proposed banning the practice of withholding retention money under construction contracts, with 87% of respondents favouring reform. The government has committed to working with the financial services sector to develop the surety market.
Whether the ban goes ahead, retentions are protected through alternative mechanisms, or the status quo holds - contractors who use surety bonds need proper management tools. bondtrack has you covered, no matter the path forward.
87%
of consultation respondents favoured reform of retention practices in UK construction
12–24 months
transitional period supported by respondents if the ban proceeds - now is the time to prepare
Both sides covered
Retention Track manages retention money. bondtrack manages surety bonds. Whatever happens next, we've got it covered.
Victorian Market
Effective 1 September 2026Victoria's SOPA reforms give contractors the right to claim back their bonds.
From 1 September 2026, Victoria's Security of Payment Act reforms introduce a statutory right to issue payment claims for the return of performance security. Contractors can now formally compel the release of unreturned surety bonds and bank guarantees — the same mechanism bondtrack already generates for WA customers.
The reforms also require principals to give written notice before calling a bond, with a mandatory 5-business-day waiting period. Every on-foot Victorian contract is covered from day one — including instruments already in your bondtrack portfolio.
1 September 2026
Reforms apply retrospectively to all on-foot construction contracts. Every Victorian instrument already in bondtrack falls under the new rules from day one.
5 business days
Principals must give written notice before calling a bond. bondtrack tracks received calling notices and alerts you before the window closes.
Statutory payment claims
Victoria joins Western Australia. bondtrack already generates these claims for WA customers — the same workflow now covers your Victorian instruments.
Western Australian Market
Under WA law, your bond and retention are the same instrument.
The Building and Construction Industry (Security of Payment) Act 2021 treats performance bonds and cash retention as legally equivalent. The same 5-business-day notice requirement applies before either can be called, and the same trust protections apply to retained cash.
Contractors also have a statutory right to substitute a compliant performance bond for cash retention through the payment claim process, releasing working capital tied up in trust accounts.
5 business days
Written notice is required before calling on any performance security, whether that is a bond, bank guarantee, or cash retention. The obligation is statutory and overrides any contrary term in the contract.
Trust-protected retention
Cash retention must be held in a dedicated trust account at a recognised financial institution. Non-compliance is an offence, with penalties up to $250,000 for corporations.
Bond substitution right
Contractors can substitute a compliant performance bond for cash retention via the statutory payment claim process, freeing capital tied up in trust accounts on active projects.
Operating Markets
Built for construction, across three markets
bondtrack is available to contractors managing surety bonds and bank guarantees in Australia, New Zealand, and the United Kingdom.
Australia
All states and territories. Includes WA Security of Payment Act support for statutory payment claims on bond returns.
New Zealand
Nationwide coverage under the Construction Contracts Act 2002 and the Retention Money Amendment Act 2023.
United Kingdom
Nationwide. Positioned for the evolving surety market as the UK Government consults on retention reform.
Get Started
Bond management shouldn't drain your bottom line.
bondtrack is now available. Get in touch to discuss a plan tailored to your portfolio.