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Sourcing of Materials Offsite Bonds
A Materials Offsite Bond is a guarantee, supplied by the Contractor or Sub-Contractor receiving an advance payment from the Employer so they can purchase any materials for the contract, the Bond provides comfort to the Employer that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled. They can also be called Advance Payment Guarantees.
Please feel free to contact us on 0151 931 5599 if you need more details!
A Materials Offsite Bond is a guarantee, supplied by the Contractor or Sub-Contractor receiving an advance payment from the Employer so they can purchase any materials for the contract, the Bond provides comfort to the Employer that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled. They can also be called Advance Payment Guarantees.
Please feel free to contact us on 0151 931 5599 if you need more details!
For more information on Sourcing of Materials Offsite Bonds For Small Independent Companies talk to Nationwide Sureties
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