ROAD BONDS SURETY THAT’S WITH YOU AT EVERY TURN

THANKS TO CRL'S EXPERIENCE, OBTAINING YOUR ROAD & SEWER, COMPLETION AND OTHER BOND PRODUCTS COULDN'T BE EASIER.

Typically, a local authority agrees to maintain a road (at public expense) once construction work has been completed. As such, a developer has an obligation to provide the local authority with insurance against the work – so a road bond is required before any new development can receive planning permission.

A road bond is a guarantee. If the developer’s work is not done to a certain standard and timescale the local authority can use the bond money to complete the road properly.

road-bonds

How are the road bonds valued?

Road bonds usually come as cash, cheque or bank security. A bond’s monetary value is usually based on the local authority’s view of the project’s costs and timeframe.

At CRL, we have the experience and the know-how to guide you through this process – and we will help you obtain a road bond with minimal hassle.

Just get in touch to discuss your road bond insurance needs in more detail or complete the online form to apply today.


ROAD BONDS

GET A QUOTE NOW