Press Releases
October 2024
28th October 2024 – Overrunning bonds cause capacity bottleneck
The largest single issue in surety at the moment is bonds that overrun. When the deposit premium for a bond is calculated, absent a fixed expiry date as most are, the cost is typically linked to the issuance of the Practical Completion Certificate. If the works overrun, the bond, which runs in parallel with the […]
2nd October 2024 – Navigating Surety Bonds: The Impact of Credit Ratings on Partnerships
When it comes to financial institutions, the heft of their credit rating is an essential part of your Finance and/or Treasury department’s decision to partner with them. This is particularly salient for surety bonds where the Guarantor will be heavily scrutinised by your Principal/Employer. There are a number of Credit Rating Agencies (“CRAs”) that evaluate […]
Press Releases
25th November 2024 - Navigating the Complexity of Surety Bonds: Why Precise Wording Matters in Construction Contracts
12th November 2024 - Surety Bonds: The Off-Balance Sheet Alternative to Bank Guarantees
5th November 2024 - Navigating Succession Planning: Essential Strategies for Construction SMEs
28th October 2024 - Overrunning bonds cause capacity bottleneck
2nd October 2024 - Navigating Surety Bonds: The Impact of Credit Ratings on Partnerships
2 November 2017 - DRS Participates in Parliamentary Review for the Finance Sector