Bond Management

Surety bonds are a significant liability for all developers, and if not managed correctly costs can spiral significantly. Sometimes when a developer acquires another company some of the bonds can be overlooked, and some sites have to be bonded for a significant period of time (remediation performance bonds can be required for 30 years).

We can help you to control their bond obligations. We will liaise with all your bond providers to identify all outstanding liabilities, and calculate any potential overrun charges; allowing you to prioritise sites and reduce the effect of legacy sites on your cashflow. we willthen provide you with a full report of these bonds, and can continue to maintain this on your behalf.

For long term bonds (such as those which will last more the 7 and a half years the NHBC have as a maximum free term), we can find an alternative surety who will be able to provide the security at a lower cost.
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