These type of bonds are normally in favour of Local Authorities/Councils/Water companies to ensure that the Contractor has fulfilled his obligations in relation to the construction and maintenance of roads or sewers.

A Local Authority/Council/Water Companies agrees to adopt the road/sewers once the construction work has been completed and the bond is normally required by the Developer as part of the planning permission.

These bonds guarantee the completion of roads/sewers and if they are not completed to a certain timescale and standard the Local Authories/Council/Water Companies can call in the bonds to complete them properly.

Thomond Bonds will help you with the application process for this bond, all you need to do is provide us with:

  • Completed Application Form
  • 3 years Audited Accounts
  • Latest Management Accounts
  • Bond Wording required by the Local Authority/Council/Water Companies
 Download Application Form

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