You can apply to bond drinking or recycled water or wastewater infrastructure. This can allow early clearance of a land development before the works are completed.
If your request to bond is accepted, you still have to accept the conditions set by the Land Developer Agreement.
You require a financial guarantee as security. This is an agreement between you and an approved financial institution. The institution must guarantee your duty to complete the works.
The guarantee must be unconditional. The financial institution must have no interest in the development.
To be acceptable, the financial guarantee must:
There are six steps in the bonding process.
To apply for a bond, email Major Land Developments.
Please be advised that supply to some SA Water customers connected to the Warren Transfer Main in the Mt Crawford, Birdwood and Cromer area is currently down due to immediate unplanned work being carried out.
SA Water are endeavouring to have works completed prior to 5:00pm to ensure interruption is minimised to customers. Further updates will be provided at this time.