Articles
Briefings from the bond desk.
Security-of-payment reform, retention bans, and what each change means for the contractors holding the instruments, written for bond administrators, not lawyers.
Victorian SOPA reforms: a performance security claim for your bonds.
From 15 April 2026, Victoria has a performance security claim and a notice requirement of at least 5 business days before recourse, applying to contracts already on foot.
Regulatory briefing · 4 min read
The UK is looking to ban retentions. Are you ready?
The UK Government's late payments consultation proposes banning retention money under construction contracts, with 87% of respondents favouring reform, and surety bonds positioned as the alternative.
Market briefing · 3 min read
A bond can replace retention under WA law, and notice comes before recourse.
Under the WA Building and Construction Industry (Security of Payment) Act 2021, a compliant performance bond can be substituted for retention money, and notice is required before recourse to performance security.
Performance security · 4 min read