This type of Bond protects the Employer against any defects during the maintenance / defects periods. A maintenance bond provides protection for the Employer if the project does not meet set standards as per the agreed contract and that there are defects in the work. If this happens the maintenance bond can be called in by the Employer.
The Employer will let the Contractor know at contract stage if a maintenance bond is required. They have a time limit set after the completion of the contract normally 12 or 24 months. They will only be valid if a problem happens during this set timeframe.
If Thomond Bonds has already provided you with a previous Bond the process will simply be to submit an application form for a Maintenance Bond Quote.
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