Recent news stories about QBE exiting the construction bonds market has caused a bit of a stir in the bonds market, but the capacity for construction bonds remains strong.
Hannah Sewell-Moore, Surety Manager, Kerry London provides insight into how surety bonds can provide additional financial protection for construction projects of all sizes. Bonds guarantee project completion if the contractor cannot finish it, making them extremely valuable to project owners/employers. There’s no doubt that construction bonds are an invaluable asset to any construction project, particularly […]
Now more than ever, the need for financial stability and security is paramount and the demand for bonds has increased.
There’s no doubt that the economic uncertainty of the last few years has driven the demand for construction bonds to support commercial contracts and regulatory obligations.
Just as the construction market thought that 2022 would mark a return to normality, the Office for National Statistics (ONS) Statistics warned that consumer price inflation hit 9 per cent in the year to April. The Bank of England also warned that the cost of living is expected to rise further this year. Sterling Advisory’s […]
