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Section 38 Agreement Bond Underwriting Criteria
A Section 38 agreement is a contractual agreement between a developer and a local authority or water authority that ensures the satisfactory completion of a new road or sewer system before it is adopted by the relevant authority. It serves as a guarantee that the developer will construct or repair the road or sewer to the required standards.
A Section 38 agreement is a contractual agreement between a developer and a local authority or water authority that ensures the satisfactory completion of a new road or sewer system before it is adopted by the relevant authority. It serves as a guarantee that the developer will construct or repair the road or sewer to the required standards.
For more information on Section 38 Agreement Bond Underwriting Criteria talk to Nationwide Sureties
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