What are
Surety Bonds?
Ensure your contractual obligations are met with Build Secure’s Surety Bonds. Offering financial security and compliance with industry regulations, our surety bonds are a key component of risk management for your construction projects.
Overview:
- Performance Bonds
- Road & Sewer Bonds
- Advance Payment Bonds
- Retention Bonds
- Developer Insolvency Protection
- Insurance Backed Guarantees (IBG)
Our Surety Bonds
At Build Secure, we are able to provide a full range of Surety Bonds, including Performance Bonds, Road & Sewer Bonds, Advance Payment Bonds, Retention Bonds, Developer Insolvency Protection or Insurance Backed Guarantees (IBG).
Performance
Surety Bonds
Covering developer losses from a contractor entering into liquidation.
Road & Sewer
Bonds
Guaranteeing the completion of roads and sewers in line with the highways and water industry acts.
Advance Payment
Bonds
Protecting upfront payments provided to the contractor by the developer at the start of the project.
Testimonials
What our customers are saying
Read firsthand how our services have made a difference:
"I can’t recommend them enough! They're a very professional team, working with your lender, to make sure you get the right product at the most competitive price. Great customer service"
Antony
SME Developer
"Mark of Build Secure based here in the North East. He is what I call a formidably solid performer with service , genuinely and evidentially, at the heart of all he does. All he does is all things you may need. He is highly rated in the industry by his peers and I would highly recommend him."
Angus
Surveyor
"Build Secure are extremely professional, always respond quickly to any queries or issues that arise and – most importantly - deliver! I have also Introduced them to several other fellow developers, and I have no hesitation in wholeheartedly recommending them. They are a pleasure to work with."
Jeremy
Developer
"I wanted to say how much I’ve appreciated your help in the process Mark, without that I m not entirely sure it would have been sorted and it would have certainly of been far far more difficult"
Simon
Self Builder
"A big thank you from me for making my problem your problem. Its your sort of focus and dedication on customer outcomes that makes a true difference to consumers experiences and ensuring fair value."
Anonymous
Self Builder
"I have worked with Build Secure over a period of years and have completed six projects where they were instrumental in sourcing and placing the appropriate, cost-effective warranty cover. I can't recommend them highly enough!"
Jeremy
Developer
Frequently asked questions
What is a Surety Bond?
The surety (guarantor) provides a guarantee to reassure the principal that the contractor will fulfill their obligations. Although bonds are offered by insurance companies and banks, they are not insurance products but guarantees from these financial institutions, deemed suitable should the contractor default or become insolvent. Unlike banks, insurance companies are more accustomed to risk exposure, often freeing up cash flow for the contractor by not requiring cash deposits or charges.
What Surety Bonds do you offer?
Build Secure provides a full range of Surety Bonds. Specifically, Performance Bonds, Road & Sewer Bonds, Advance Payment Bonds, Retention Bonds, Developer Insolvency Protection or Insurance Backed Guarantees (IBG).
What is the difference between a Surety Bond and Insurance?
A surety bond guarantees the performance of a principal to an obligee, while insurance provides financial protection against specific risks and losses.
How do I get a Surety Bond?
At Build Secure, we take pride in the range of Surety Bonds that we can support clients with. Our dedicated team is committed to working on your behalf, conducting thorough assessments to understand your unique needs. To learn more about how we can support your project, contact us today for more information.
Get in touch now to receive
your quote today.
Our knowledgeable professionals understand the intricacies of insurance policies and the construction sector and are on hand to guide you through your project from start to finish. Contact us today to see how Build Secure can support you.