The NHBC, together with the NHBC Foundation, commissioned this research project to investigate the circumstances and consequences of performance bonds required by highways authorities and water supply companies for housing developments. The NHBC estimates that it is the provider of 80% of the outstanding bonds in the sector.
The project reflects concern across the housebuilding industry about the current process of highways and water bonds; whether these impose a financial burden on developers; whether this forms a barrier to development in some cases; and whether the use of bonds is appropriate for assets that are provided free of charge.
Road and sewer bonds in England and Wales – report to the NHBC
The NHBC Foundation commissioned this research to investigate the circumstances and consequences of performance bonds required by highways authorities and water supply companies for housing developments.
Road and sewer bonds in England and Wales – report to the NHBC - Read More…