CG Bonds offers a comprehensive range of surety services, encompassing various types of bonds. Our expertise in these surety services assures peace of mind for both principals and obligees, facilitating the successful execution of contracts and projects. Learn everything about our surety services below and see how we can help you.
Our Surety Bond Services
A surety bond is a legal agreement involving three parties; the principal, the project owner or obligee and the surety. The surety bond provides financial protection for the obligee and ensures the fulfilment of contractual obligations.
CG Bonds Surety offers the flexibility to review and obtain one-off, individual bonds or establish a facility. Not only this, but we can foster the setup of new facilities and the replacement of existing ones, resulting in significant cost savings. Additionally, our Bond Management Service is accessible to all clients, irrespective of their financial security, ensuring a comprehensive and inclusive approach to meet your specific needs.
Who Are CG Bonds Surety?
CG Bonds Surety specialises in a comprehensive array of surety bond services. Our vast and exclusive underwriting partnerships allow us to secure the best terms within the market, making our services accessible to clients with diverse financial profiles.
We are a specialist surety bond broker that can source and secure the best value construction bonds in the market, whilst using our years of unrivalled experience to make it a stress-free and simple process. With our extensive and exclusive underwriting panel, we are able to offer a Best Price Guarantee, whilst also maintaining our 100% track record in fulfilling bond requirements.
As a specialised surety bond broker, we excel in identifying and obtaining the most cost-effective surety bonds available in the market. Our deep-rooted technical knowledge and extensive experience make the entire process stress-free. With the backing of our exclusive underwriting panel, we offer a Best Price Guarantee while maintaining a pristine 100% track record of procuring bond requirements.
For more information on CG Bonds and who we are, visit our about us page.
Our Surety Bond Services Expertise
CG Bonds Surety is renowned for its unwavering commitment to delivering exceptional expertise within the realm of surety bond services. Our original management team that formed CG Bonds are all from a technical background, meaning we have an unparalleled understanding and expertise in the unique intricacies of surety bonds – unmatched in the industry. With this specialist knowledge, we can navigate the complexities of surety bonds to deliver tailored solutions for our clients.
To delve deeper into the extent of expertise that CG Bonds has to offer, we invite you to explore our dedicated expertise page for more information.
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Surety Services We Offer :
CG Bonds Surety can provide technical knowledge on all bond idiosyncrasies, simplifying the complex world of surety. Please find detailed below the wide range of surety services we specialise in.
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1. Source One-Off Contract Guarantee Bonds
CG Bonds can source any type of performance bond in the UK. Clients can apply for these bonds, on a project to project basis, or set up a facility. We aim to quote within 5-7 working days of receiving your application form and promise to always seek the best value quote on the market.
2. Create New Facilities
Due to our extensive and exclusive underwriting partnerships across the UK, we can create new facilities for our clients. This will allow our underwriters to issue bonds without any delays, making the process of acquiring a performance bond a much quicker and easier process.
3. Replace Existing Facilities
Taking advantage of our extensive and exclusive underwriting panel, CG Bonds Surety has the capacity to replace existing facilities with the most competitive rates available within the market. Ultimately, leading to substantial savings in cost for our clients.
4. Site Visits and Technical Risk Reports
As part of our service, CG bonds will conduct a site visit and complete a full technical risk report to validate our clients’ position. This will illustrate the actual risk to underwriters and can reduce premiums significantly.
Bonds we specialise in:
Performance Bonds
Contract Guarantee Bonds (CG Bonds), or otherwise known as Performance Bonds.
Advance Payment Bonds
When a bond beneficiary (housing associations / developer) agrees to make an advance payment to a principle (contractor), they request for an Advance Payment Bond.
Retention Bonds
A retention bond may be requested by a beneficiary (housing associations / developer) to ensure the principles (contractors) work is completed to an agreeable standard.
Defects Liability Bonds
A Defects Liability Bond begins when the contractor has completed the works to a satisfactory standard.
Restoration / Environmental Agency Bonds
A guarantee to a Local Authority (beneficiary) which ensures the Principle (housing associations / developer) restores the land, upon completion, to an agreeable standard
Tender / Bid Bonds
A tender/bid bond protects a developer in the bidding process of a contract. It provides a guarantee to a developer that the bidder will honour the terms of their bid.
Section 106 Agreements
A Section 106 agreement is a legal contract, also known as a “planning obligation,” that is made between a local planning authority and a property owner.
Deposit Bonds
A deposit bond is a type of guarantee, used as an alternative to cash, which is used when purchasing a development.
Off-site Material Bonds
An Offsite Material Bond may be used when a contractor needs to make a large payment for offsite materials or plant equipment.
Warranty Bonds
A Warranty Bond is a contract between a surety company, a contractor, and the owner.
