RS Bonds are the only company in the UK that specialise solely and exclusively in the procurement of road and sewer bonds, on behalf of housebuilders.
ZERO CASH COLLATERAL POLICY
Specialising in: S38, S278, S220, S98, S104, S185 & Scottish Road Bonds
Road & Sewer Bond Specialists
ZERO CASH COLLATERAL POLICY
Specialising in: S38, S278, S220, S98, S104, S185 & Scottish Road Bonds
Road & Sewer Bond Specialists
RS Bonds are the only company in the UK that specialise solely and exclusively in the procurement of road and sewer bonds, on behalf of housebuilders.
Accreditations:
BOND REDUCTION REBATE REWARDS
Bonds We Specialise In
RS Bonds specialises in the procurement of Section Bond Agreements within the housebuilding industry.
Section 38 Bond
A Section 38 Agreement Bond (S38) is a formal agreement made under Section 38 of the Highways Act 1980 between a developer and the local authority, guaranteeing the construction, completion, and subsequent adoption of a new road.
Section 220 Bond
A Section 220 Agreement Bond (S220) is a type of surety bond associated with Section 220 of the Highways Act 1980 in the UK. It ensures that a developer fulfils their obligations to make payments for road works that may later be adopted by the local highway authority under a Section 38 Agreement.
Section 185 Bond
A Section 185 Agreement Bond (S185) is a type of surety bond related to Section 185 of the Water Industry Act 1991 in the UK. It ensures compliance with agreements for the diversion of public sewers or water mains to facilitate new developments.
Article 161 Bond
An Article 161 Agreement Bond (A161) refers to Article 161 of the Water and Sewerage Services (Northern Ireland) Order 2006 allows for the transfer of ownership and responsibility for new sewer networks from the developer to the relevant Water Company.
Section 278 Bond
A Section 278 Agreement Bond (S278) is a type of surety bond required under the Highways Act 1980 in the UK, specifically for agreements made under Section 278 of the Act. It is used when a developer needs to carry out alterations or improvements to existing public highways as part of their development project.
Section 104 Bond
A Section 104 Agreement Bond (S104) is a type of surety bond required under Section 104 of the Water Industry Act 1991 in the UK. It relates to the agreements between developers and water companies for the adoption of private drainage systems (e.g., sewers, pumping stations, or associated infrastructure) by the water company once the works are completed.
Section 21 Bond
A Section 21 Agreement Bond (S21) is required in situations where a developer is constructing roads that will eventually be adopted by the local authority. It ensures that roads are built to standards set out in the Road Construction Consent (RCC).
Other Bond Types
To find out more about the different bond types we specialise in, click here.
What makes RS Bonds Different?
Our Services
Owing to our unique position as the UK’s only Road and Sewer Bond Specialist, we leverage our technical expertise to innovate within the market and collaborate with Housebuilders, Surety providers and Adopting Parties.
Highway Bonds
Highway bonds are a type of surety bond used in the context of road construction and development, typically required by local authorities to ensure that a developer or contractor fulfils their obligations related to highway works. These bonds provide a financial guarantee that the developer will complete any required works, such as road construction, repairs, or improvements, in accordance with planning permissions and relevant standards.
Bond Management
Manage your live bond portfolio by seeking a tailored Bond Management Programme to efficiently achieve bond cancellation, thus reducing expenditure on bond overrun fees.
Bond Swaps
At RS Bonds we provide Housebuilders with the opportunity to replace existing cash or bank bonds that limit access to essential working capital /bank facilities.
Sewer Bonds
A sewer bond is a type of surety bond required in construction and development projects to guarantee the proper construction, maintenance, and eventual adoption of sewer infrastructure. These bonds ensure that developers or contractors meet their obligations related to the construction or repair of sewer systems in accordance with local authority or regulatory requirements.
Technical Advisory
RS Bonds derive from a technical and construction background, as opposed to an insurance background, allowing the Housebuilding Industry to benefit from our unique and fresh approach. This has enabled us to educate and attract new Surety Providers to the market, allowing us to efficiently procure road and sewer bond solutions and facilities to Housebuilders all across the UK.
Training
Owing to our extensive experience and technical expertise within the Road and Sewer Bond market, we provide training to Housebuilders, Insurers and Warranty Providers.
Subsidised Part Finance Road and Sewer Bonds
As market leaders with unmatched technical expertise, insight, and industry relationships, we are the only company in the UK able to offer standalone, subsidised part-financed road and sewer bonds.
To find out if you qualify for a subsidised part finance road or sewer bond please contact us below:
Subsidised Part Finance Road and Sewer Bonds
As market leaders with unmatched technical expertise, insight, and industry relationships, we are the only company in the UK able to offer standalone, subsidised part-financed road and sewer bonds.
To find out if you qualify for a subsidised part finance road or sewer bond please contact us below:
Why Choose
RS Bonds?
We use our unparalleled technical expertise and extensive Local Authority/Water Company relations, combined with established contacts within the Surety Market, to help satisfy all site infrastructure bond requirements held by developers.
What Makes Us Different
50 Years of Experience
Our team has over 50 years’ experience in Road Bonds, Sewer Bonds, Insurance, Civil Engineering and Housebuilding. These combined enable us to remain market leaders and a recognised advisory in our very specialist and niche area of the surety market; specifically relating to Section 38, 278, 220 (Highways Act, 1980) and section 98, 104, 185 (Water Industry Act, 1991) Bond Agreements.
Technical Advice
One of our prominent unique selling points is that in addition to extensive surety market knowledge, we can offer technical advice during every stage of the bond process. We can offer guidance and help on appointing the appropriate designer, all the way through to managing the onsite works and ultimately liaising with the Water Company or Local Authority to achieve adoption.
Innovative Solutions
We are not a simple road and sewer bond provider or broker. Instead we apply our expert knowledge to work with developers and look if there are more efficient or alternative ways to approve Local Authority or Water Company requirements to either reduce or in some cases even negate the need for a bond at all.
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