Thank you for sending us your details. We’ll be in touch shortly. If you have any questions in the meantime, please get in touch with us. Phone: 020 7337 4032 Email: sales@kerrylondon.co.uk Complete reassurance. Total support
Surety bonds and bank guarantees ensure a contractor’s performance and financial commitments on a construction project. They are similar, but there are some significant differences: Why are bonds so popular now? Bonds are more widely used when economic conditions are challenging because they offer all parties greater financial security in a business deal. A bond […]
A surety is a bond that guarantees to pay the cost of completing a contracted construction project if a contractor is unable to do so. A surety bond is a three-party agreement arranged by the contractor with an insurance broker to guarantee completion of a contract. Surety bonds have traditionally been used in local authority […]
Guarantors and surety are the two most common forms of financial protection used to ensure construction projects are completed. From a legal perspective, both guarantors and surety are similar, but in practice, they offer different benefits. Banks act as guarantor providing the money (a bank guarantee) to complete a construction project when the contractor cannot […]
An advance payment bond guarantees the completion of commercial construction contracts and prompt delivery of advance payments. The bond guarantees reimbursement of advance payments used by a contractor to purchase essential materials and machinery needed to start work onsite. Why do employers ask contractors to arrange advance payment guarantees on a performance bond? Employers ask […]
