tion Bond offers an alternative to cash retentions put in place by employers to ensure that work is
ted to their satisfaction. Rather than retaining a proportion of the cost of the contract a bond is issued
n the bond provider, specialist sub-contractor and employer.
in difference between the bond and the cash retention is that the specialist sub-contractor receives
ments throughout the contract period with no retentions being withheld. Alternatively where works are
in, or are about to enter the defects period
a bond can be provided to allow the balance of retentions
s to be paid immediately rather than them being held until the end of the defects period
scenarios cash flow is greatly improved thereby ensuring financial stability, furthermore the employer
s a guarantee that should you be unable to honour your contractual obligations the bond will respond.
ther information please speak to your dedicated contact:
K Surety on
0845 496 1205
paying for your retention monies ‘early’?
As a SIG customer you now have access to a range of discounted or fixed
fee legal services from award winning specialist construction solicitors
Hawkswell Kilvington. Services available include contract liabilities
advice, dispute resolution, right through to legal representation and
overdue retention recovery.
Final account disputes can often lead to a prolonged period of cash flow
difficulties and in some cases insolvency.
Hawkswell Kilvington can
assess your case and provide the know how to get you paid.
For further information please speak to your dedicated contact:
from Hawkswell Kilvington on
0844 809 9566
Do you need advice on contract
terms, final account disputes
or overdue retention recovery?
SIG offer an online account management system facility that provides easy
access to your account 24 hours a day. This gives you the convenience of
being able to access your account from the comfort of your desk or even your
sofa. The services allow you to:
Review your account 24 hours a day
Allows you to receive invoices, statements and credit notes electronically
Register queries and obtain copy documentation
Make payments whilst in your account
For an online demonstration please visitwww.diforms.com/sigdemo
Contact the Data Interconnect helpdesk on
Manage your SIG account online
options such as
can be invaluable in
improve your cash flow
online 24 hours
from the comfort of