Indevor Bonds & Guarantees is a corporate function and registered company operating in the surety market.
They're continuously seeking new ways to deliver value to clients and increase the offer of surety products.
Current services are delivered through the following brands:
Indevor Bonds provides an unparalleled service to housebuilders and contractors. This is achieved through years of innovation, the forging of exclusive underwriting partnerships and an unrivalled dedication to customer satisfaction.
At CG Bonds Surety, their primary focus lies in expertly procuring performance bonds for the construction sector. CG Bonds rely on profound technical acumen and a deep understanding of the intricacies surrounding construction performance bonds to deliver exceptional service to their clients.
Housing associations play a crucial role in providing affordable housing and often require financial safeguards to ensure the successful completion of their endeavours. Due to the current economic climate and increased contractor insolvencies, the necessity and importance of bond security have and will continue to increase.
There is a growing perception that specialist insurers are becoming more hesitant to provide bonds, especially to SME contractors. However, owing to CG Bonds’ extensive and exclusive underwriting panel, they boast a 100% track record in fulfilling bond requirements for contractors of all financial strengths.
The absence of a performance bond, which is recommended within a JCT contract, can leave housing associations with a lack of financial protection, which is why CG Bonds is here to help.
Road and sewer bonds are a very specialist area of the surety market and provide a financial guarantee from an independent third party (underwriter) to the Adopting Party (local authority or water company) in respect of a developer's obligations to achieve adoption of a site’s highway or sewers.
If a developer fails to fulfil their obligations as detailed within the adoption agreement the local Authority or water company are able to call upon a bond to secure the monies necessary to fund the completion or rectification of required works to bring the highways or sewers to an adoptable standard.
We are pleased to advise that as part of our growing presence in the social housing market and to mark our continued status as a NHF Sector Supplier it has been sanctioned for us to launch our exclusive NHF member Fixed RS Bonds Offer.
This entitles all NHF members to benefit from any of our Road & Sewer Bond Products:
In addition, in cases where the Housing Association is not the named developer on an agreement, but they are stated as the landowner, we can offer their main contractor a 25% discount on the calculated proposed bond fee.
This will undoubtedly be something of a game changer for housing associations and help alleviate the initial capital outlay on a project, providing a much-needed assurance to NHF members in a time when surety providers' appetite to provide new bonds is very restricted.
Amber Tomkinson, Head of Client Relations, Indevor Bonds & Guarantees.
CG Bonds Surety
RS Bonds Surety