CG Bonds Surety

CG Bonds specialise in the procurement of performance bonds for UK contractors.

Benefits to NHF members 

It is becoming increasingly common for housing associations to require contractors to obtain performance bonds.

The purpose of a performance bond is to protect the housing association in case of non-performance or insolvency of an appointed contractor.

This bond will help cover any losses that the housing association may incur as a result of a contractor failing to fulfil their obligations within the agreement.

As the UK’s market leader in procuring contract guarantee bonds, CG Bonds specialise in the following bonds: 

  • Performance bonds.
  • Developer insolvency bonds.
  • Advance payment bonds.
  • Retention bonds.
  • Offsite material bonds.
  • Defects liability bonds.
  • Restoration/Environment Agency bonds.
  • Tender/bid bonds.
  • Deposit bonds.
  • Warranty bonds. 

Service includes:

  • Procuring one-off contract guarantee bonds.
  • Creating new facilities.
  • Replacing existing facilities.
  • Conducting site visits.
  • Producing technical risk reports.

Benefits to contractors

CG Bonds have a 100% track record in fulfilling bond requirements for contractors.

  • Best value premiums. Their exclusive underwriting partnerships allow them to source the most competitive quotes on the market, whilst offering some of the lowest admin fees in the industry.
  • Speed and responsiveness. They aim to source competitive quotes within five to seven days upon completion of the application form and supporting information.
  • Technical expertise and dedication. CG Bonds dedicate time to understanding the contractors’ specific needs, while using their technical knowledge to provide advice on all aspects of the bonds process.
  • Simplicity and support. Whether their clients understand the process of applying for a contract guarantee bond or not, CG Bonds will guide them through the entire process, from start to finish, making it a simple, effortless, and stress-free process.
  • Flexible and adaptable. They use their extensive experience and knowledge in the surety market to overcome all challenges faced by the contractor. As a result, CG Bonds have a 100% track record in fulfilling bond requirements for contractors.

Testimonials 

"Due to extreme time constraints, CG Bonds helped me put a bond in place in 24 hours. Their extremely efficient process made our experience straightforward, which was appreciated in the highly stressful situation we were in. CG Bonds were very helpful with any queries that we had and got the job done swiftly. I would 100% recommend them to anyone who needs a bond."   

"We approached CG Bonds as we had zero options left! We had almost given up on acquiring a performance bond. After approaching several bondsmen and not getting anywhere, we came to CG Bonds with little hope. Needless to say, the entire team were accommodating, and they made the whole process quick and easy. We would recommend them to anyone who needs a bond, and we will definitely be using them again for future projects."

"I have previously shopped around different brokers and always found CG Bonds to be around 60% cheaper than alternative brokers. Every time I have placed a bond through them, I have been happy with the service which I received and therefore couldn’t recommend them any more!"

"I first came to CG Bonds after I searched [online] for a performance bond broker, as my knowledge on them was next to none! Through the excellent customer service that I received, I was able to understand what they were and how the process of obtaining one worked. The process with CG Bonds is always simple, and they are a pleasure to work with."

Contact details

Amber Tomkinson, Client Relationship Manager

Email: enquiries@cgbonds.co.uk

Tel: 0204 511 3804

Web: www.cgbonds.co.uk

Address: The Minister Building, Great Tower Street, London, EC3R 7AG