Forward Purchasing
The option of 10% deposit paid to Clients up front and 100% guarantee of end sales
The addition of Forward Purchasing to funding frees up liquidity.
The addition of Forward Purchasing to funding and warranties further frees up cash flow
Latent Defects (Structural Warranty) Insurance
Latent Defects Insurance provides the developer of a property (and any further
owners, as the policy is transferrable) with protection against unforeseen
damage caused by a defect in the design, workmanship or materials of the
project. These policies typically vary from 10 to 15 years in duration.
All new-build / self-build residential properties need this cover and will be
unable to be mortgaged without a structural warranty policy in place. We have
access to a panel of financially ‘A’ rated insurers through our partners who can
offer developers ‘wholesale’ premiums through our exclusive introduction.
Cover is available for:
- New Builds
- Self Builds
- Renovations
- Social Housing
- Commercial Developments
- Mixed Use Developments
- Retrospective Cover
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Retrospective Cover
Required on a residential property which has been built or converted in the last 10 years
without the benefit of a recognised structural warranty, architect's certificate or builder's guarantee
Insurance Backed Guarantees
An Insurance Backed Guarantee is a guarantee given by a contractor to provide peace of mind
should the contractor cease trading.
Contractors can offer guarantees for up to 20 years, but should the contractor close down for
whatever reason, the guarantee becomes worthless. An Insurance Backed Guarantee honours
the contractor’s guarantee for the remainder of the guarantee term.
We have access to a panel of financially ‘A’ rated insurers through our partners who can offer
developers ‘wholesale’ premiums through our exclusive introduction.
Performance Bonds - Click here for Proposal Form
A performance bond is a guarantee provided to a client to ensure that the principal
(developer / contractor) delivers goods or performs services in accordance with the
terms of the contract i.e. the correct specification, with the correct materials and
within the agreed timescale.
The issuer of the bond, (the insurance company) will undertake to pay the client a sum
of money if the contractor fails to perform as agreed in accordance with the terms
of the contract. Within a contract, there may be a cascading effect insofar as the contractor
may insist upon bonds from their subcontractors for the same reason as outlined above.
Performance Bonds may be a requirement of a funder of a development.
Guarantee Bond - Click here for Proposal Form
Advance Payment Bond
Bid Bond
Retention Bond
Road & Sewer Bond
Deposit Bond
Other Related Cover
Professional Indemnity
Public Liability
Employer Liability
Business Asset Insurance
Fleet Insurance