SiSC has been established to help the small and medium size members comply with the Management of Health and Safety Regulations by giving those that subscribe the availability of direct competent health & safety advice.
Publications are available to buy or download here.
A new £1 million 'Target Zero' project is looking at five major building types (schools, warehouses, offices, supermarkets and mixed use) and will generate fully-costed solutions demonstrating how to achieve the three highest BREEAM ratings and meet the changes to Part L of the Building Regulations.
Below is an introduction to the topic of bonds. You can also search for your specific topic using the Search box at the top of the page or click on any of the following keywords and phrases: advance payment; default; demand; parent company guarantee; retention.
Bonds come in two types, 'default' and 'on demand'.
Default: This type of bond can only be called upon breach of the underlying contract and proof of loss.
On demand: There is no need to show breach of contract or proof of loss; the bond is payable upon demand. Sometimes there will be a format that has to be used for a demand letter attached to the bond.
Wordings of both types of bond can be complex and it is strongly recommended that legal advice is taken.
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