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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:

tey

K Surety on

0845 496 1205

or email

karl@uksurety.co.uk

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:

Jonathan Hawkswell

from Hawkswell Kilvington on

0844 809 9566

or email

jhawkswell@hklegal.co.uk

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 visit

www.diforms.com/sigdemo

Contact the Data Interconnect helpdesk on

01367 245779

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Manage your SIG account online

ANCE TOOLS

TOMERS

Taking

advice

on

options such as

retention

bonds

can be invaluable in

helping

improve your cash flow

and

financial stability.

Benefit

from our

experience, knowledge

and

technical ability

– all

explained

simply

and

clearly.

Access

your

account

online 24 hours

a day

from the comfort of

your desk

or

sofa!