What are Restoration Bonds?
Restoration Bonds (also known as reinstatement guarantees) is typically sought for major construction contracts, which may have a detrimental effect on the environment, and a form of performance bond is required to ensure that the landscape is restored following completion on the project. Also used for land fill waste operations, and quarrying, and may be a pre-requisite of planning permission.
On receipt of the application we will endeavour to make a quick turnaround of the requirement in order to do this we follow the following procedure:
What we require from you:
We would require you to provide us with details of the site which is the subject of the Restoration Bond requirement, including Bond amount and period for which it will be required together with the following:-
A copy of the Bond Wording from the relevant Authority
A copy of your last published accounts ( if you are part of a Group then Group accounts too)
Copy of lasts management accounts
A completed application form.
On receipt of this information, the application will be submitted to our panel of underwriters for their consideration. On the successful underwriting, we should be in a position to offer competitive non-binding indications of terms, as quickly as possible.