What are Retention Bonds?
Typically, an employer could hold up to 5% of the contract value for a period of up to 12 months. The main contractor or sub contractor then has to wait for the funds to be returned at the end of the making good of defect period, this can affect business cash-flow.
A retention bond will provide the employer with the same level of comfort as the retention, but the contractor / sub-contractor has the real benefit of retaining the cash in their account.
What We Require From You
For a quotation, please fill out the completed application form or download an application form from our document centre. In order to confirm terms we would require the undermentioned additional information:-
Latest Company Accounts
Latest Management Accounts