You don’t want it, but you’ve got to have it
Bonds are effectively guarantees provided by a third party on your behalf so that, in the event that you fail to deliver or go bust, the beneficiary has financial recourse to a surety in line with the terms of the bond.
Whatever the surety bond requirement is – performance bond, advance payment bond (or deposit guarantee), HMRC bond, road bond, sewage bond, retention bond, pension bond or bid bond – there’s no benefit to you other than a contractual requirement.
Finding the best surety bond for you
You might be wondering, “why should I choose The Channel Partnership for my surety bond?”
We aim to make the process as efficient as possible. From enquiry through to the bond being issued there are a number of steps in the process and they can all take time. We’ll make it as smooth as is possible and always lay out the expected timescale.