BCM provide surety products and services to the building industry across South Africa.
We assist contractors across various disciplines (general building, civil works, mechanical and electrical contractors) within the private and state markets and have extensive experience working with builders with CIDB gradings up to 9 GB CE.
The insurers that we use are all reputable with the relevant credit ratings and are well known within the surety market. Their guarantees are widely accepted ensuring an efficient and effective process flow. Draft guarantees are always issued to garner the project beneficiary/principal agent approval prior to the issuing of the original guarantee.
Full facility management includes brokering of sureties/guarantees, management of collateral accounts, issuing of Letters of Intent and ensuring that the existing facility is competitive within the market.
Our surety products include, but are not limited to, the following:
- Performance Guarantees
- Advance Payment Guarantee
- Retention Guarantee
- Materials On/Off Site Guarantee
- NHBRC Late Enrolment Guarantees
In addition to surety products, we are also able to assist with working insurance in the form of Contractors All Risk which includes public liability and SASRIA.