The object of the Trust is to provide Bonds and Guarantees to Construction Contractors, for them to provide Bid Bonds, Performance Bonds and other allied Securities, when undertaking Construction Contracts and for matters connected therewith and incidental thereto and to undertake all such ventures without limitation, as decided by the majority of the Trustees.
The Settlor of the Trust is the Secretary to the Treasury, Ministry of Finance, with the beneficiaries of the Trust being the Contractors who are registered under the, National Registration and Grading Scheme for Construction Contractors, regulated by the, Construction Industry Development Authority.