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IBA’s Performance Bond Trust has assisted contractors across the country to participate in a wide variety of contracts including mining, civil works, construction, facility upgrades and renewable energy construction by guaranteeing their capacity to complete projects while requiring minimal security.
One of those contractors was Hicks Civil & Mining Pty Ltd - a 100% owned Aboriginal business providing civil construction services and equipment hire throughout the Pilbara region in WA. Through the IBA Performance Bond Trust, they were able to successfully tender to the Koodaideri iron ore mine and have delivered earthwork and drainage works for the project to date.
Hicks Civil and Mining Director, Caitlin Hicks Forshaw says, “We are now focusing on finishing off this project strong and leaving a reputation that will be put down in the history books for Aboriginal Contractors and be the example of showing that Aboriginal Contractors have the capacity to deliver such projects.”
“While we have both our onsite and offsite management teams – it’s the people and organisations that surround us that have also assisted in this project. IBA have been a massive contribution to our business and I have to thank them immensely.”
Through their hard work and success, Hicks Civil & Mining have been able to give back to their community supporting initiatives such as funding school pick-ups and sponsoring local events.
Since inception in 2018 the IBA Performance Bond Trust has now supported over 170 bonds worth $12 million, supporting contracts valued at nearly $202 million. Bonds totaling $167,600 have been returned due to successful completion of projects, many of which have been in regional and remote locations.
