Retention Bonds
What are Retention Bonds?
Typically, an employer could hold up to 5% of the contract value for a period of up to 12 months. The main contractor or sub contractor then has to wait for the funds to be returned at the end of the making good of defect period, this can affect business cash-flow.
A retention bond will provide the employer with the same level of comfort as the retention, but the contractor / sub-contractor has the real benefit of retaining the cash in their account.
What we Require From You?
For a quotation, please fill out the completed application form or download an application form from our document centre. In order to confirm terms we would require the undermentioned additional information:-
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Latest Company Accounts
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Latest Management Accounts
Contact us
Enter specific details regarding your interests and we will get back to you as soon as possible with a quote.
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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
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Correspondence Address:-Nationwide Sureties Ltd, P.O. Box 283, Liverpool, L23 8WB
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