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Section 278 Bond For Traffic Management Works
Is a Highways Bond taken out with the local council by the developer to cover junction alterations. (Examples are turning circles, access points, crossings, roundabouts, traffic signals etc.) The agreement is voluntary and between a developer and the Council. This agreement contains a bond, which is sufficient to ensure the Council can construct/repair the road junction if the developer fails to do so.
Is a Highways Bond taken out with the local council by the developer to cover junction alterations. (Examples are turning circles, access points, crossings, roundabouts, traffic signals etc.) The agreement is voluntary and between a developer and the Council. This agreement contains a bond, which is sufficient to ensure the Council can construct/repair the road junction if the developer fails to do so.
For more information on Section 278 Bond For Traffic Management Works talk to Nationwide Sureties
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