Provided by Surety

Developers Road & Infrastructure Bonds

Because every housing development, every retail park and every industrial estate needs infrastructure.

Overview

Commencing a new construction project is a complex business with countless boxes to be ticked and requirements met. One of the most important factors is around the infrastructure necessary to support your project.

At the start of a build, the relevant authorities (often the municipality or local authority) may require you to provide bonds to secure the cost of completing the necessary infrastructure, particularly in relation to the roads and sewers. 

The bonds guarantee that the necessary infrastructure will be completed to the approved and recognised standards. The bond sum usually represents the relevant authority’s assessment of the total cost of properly constructing the roads and sewers concerned. 

The period of the bond covers the construction period and maintenance periods until the roads and sewers have been ‘taken over’ by the relevant authority. 

You may also be required to post bonds to cover the cost of modifying existing infrastructure (such as new or improved road junctions) or other off-site works (such as the construction of a new relief road) or to contribute to other local services improvements (such as a contribution to cover the construction of new schools).

 

Best for

  • House Builders
  • Property Developers
 

Highlights

  • Secures the cost of constructing the necessary infrastructure in relation to property development (both housing and non-housing)
  • Road bonds (Highways Act bonds)
  • Mains water requisition bonds
  • Sewer bonds
  • Planning bonds (Section 106 bonds) 
 
 
Get in touch
Surety Europe
Surety Europe

For all European business enquiries, contact us on this email.

Surety UK
Surety UK

For all UK business enquiries, contact us on this email.

Guides & resources

Europe Meet the Team

Surety France Brochure

Surety Ireland Brochure

Surety UK Brochure

Related products

Advance Payment Bonds

Get your building projects moving with the security of TMHCC’s advance payment bonds.

Learn more

Bid Bonds

Ensure your bid is the winning one with the security of TMHCC’s bid bonds.

Learn more

Performance Bonds

When it comes to your commitment to deliver, your word is your bond. Make that a reality with a performance bond.

Learn more

Retention Monies Bonds

Good cashflow is crucial in the construction sector. With TMHCC’s retention bonds, you can secure contractor cashflow and your own.

Learn more

Ship Building & Refund Bonds

Give your clients the security they need with TMHCC’s shipbuilding and refund bonds.

Learn more

Warranty & Maintenance Bonds

Don’t let the tail end of a past project drag you down. Move on and ensure your client’s security with TMHCC’s bonds.

Learn more
why-tmhcc

Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

More about us Financial strength