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Contractors often do not wish their bank facilities to be encumbered as a result of being obliged to provide Surety Bonds to their Employers.
Our team has considerable experience in the provision of Surety Bonds and in particular:
We act for large UK and European contractors advising on and arranging annual Surety Bond facilities. It is of great importance to understand the obligations imposed under Bond wordings particularly where there is a deviation from Model forms. Here we can provide advice and guidance at all stages, including at tender, to ensure that each Bond is drafted in a way which is acceptable to both Contractor and Employer.