Bid Bonds
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What are Bid Bonds?
A Bid Bond or also know as a Construction Bid Bond or Contract Bid Bond is important Bond as it provides a guarantee to the employer that you can comply with the bid and also that you can accomplish the job as laid out in the contract/can implement the project once you are selected during the bidding process. Normally, employers do not know if a contractor is financially stable or has the necessary resources to take on a project. The Bid Bond gives them reassurance; leaving them safe in the knowledge that, if the project fails, they can collect compensation from the bond.
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Founded
Nationwide Sureties Ltd has been the #1 provider of Bonds & Guarantees for over 23 years
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Client Satisfaction
We provide fast & professional solutions for your Bond requirements
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Underwriters
Access to the whole surety market of highly qualified underwriters who can consider all of your Bonding.
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Value of Bonds
We have arranged and issued over £500 million worth of bonds and guarantees, increasing daily
Advanced Payment Bonds
An Advanced Payment Bond is a guarantee, supplied by the party receiving an advanced payment, to the party advancing the payment.
Road & Sewer Bonds
Road & Sewer Bonds are required by a Local Authority or Water Authority, they cover the Council or Water Authority if they need to construct/repair the Road or Sewer.
Performance Bonds
A Construction Performance Bond is a guarantee, typically with a value of 10% of the contract price and is designed to offer protection to the beneficiary.
Retention Bonds
A Retention Bond will provide the employer with the same level of comfort as the retention, but the contractor / has the benefit of retaining the cash.
Nationwide Sureties are Performance Bonds, Construction Bonds and Advanced Payment Bonds specialists.
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Nationwide Sureties Ltd – Established for over 23 years as Performance Bond Specialists.
We are the longest, largest and most successful specialist independent surety bond brokers. We have a panel of 20 plus expert underwriters capable of tackling every requirement.
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Nationwide Sureties Ltd, P.O. Box 283, Liverpool, L23 8WB
© 2019 Nationwide Sureties Ltd is authorised and regulated by The Financial Conduct Authority Firms Ref No 304552
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Correspondence Address:-Nationwide Sureties Ltd, P.O. Box 283, Liverpool, L23 8WB
Office Address:-3rd Floor Granite Building, 6 Stanley Street, Liverpool, L1 6AF
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