FREE Road & Sewer Bonds

In accordance with the notably hardened surety market conditions, we are aware that Housing Warranty Providers are finding it increasingly difficult to provide their clients with a solution for Road and Sewer Bond requirements. Furthermore, in cases whereby a solution can be offered, this often requires developers to pay significant fees prior to the provision of the bond, this can often result in creating an unexpected strain on the initial capital demands of a project.

In response, RS Bonds Surety have launched a service whereby Developers are able to benefit from an exclusive collaboration we have pioneered with the Surety and Financial Markets, to allow for free Road and Sewer Bonds to be offered.

FREE BOND FEATURES:

  • NO Premiums Payable for Years 1 & 2
  • Overrun Fee % does NOT Increase
  • NO Maximum Bond Value Cap
  • Bond Management Service
  • Technical Advisory and Support
  • Phased Bonds can Run Concurrently
  • Warranty Provider Independent
  • Reduces Upfront Development Costs
  • We DO NOT Reserve the Right to Make Changes to Road and Sewer Bond T&C’s Retrospectively

To enquiry about your company’s eligibility for applying for free bonds, please contact:

Email: freebonds@rsbonds.co.uk
Tel: 0161 518 9616
WhatsApp: +44 774 949 8508

Rob Watson – Director
Watson Construction
Section 38 Bond Agreement

“I was first introduced to RS Bonds through my housing warranty provider and they have since become my go-to for all my bonding requirements. When my client relationship manager advised that I may qualify for a free highway bond, I was extremely interested.

I was slightly concerned that it might be a little more complicated. However, it followed the same process as if I took a bond out on a more traditional type arrangement, the only difference being I only had to pay £75 to secure the bond. It was quick, simple and easy, and I received the same excellent level of efficiency and support as I am accustomed to when dealing with RS or CG Bonds.

I would hugely recommend the free bond offering to other builders even on longer term projects, as this alleviates capital intensity of a project at commencement and defers any possible payments to a point at which income is being generated from a site.”