Provided by Surety

Retention Monies Bonds

Good cashflow is crucial in the construction sector. With TMHCC’s retention bonds, you can secure contractor cashflow and your own.

Retention bonds are increasingly popular in the construction sector as they remove the need for the owner/client to retain cash from contractors to ensure the satisfactory completion of works. In the construction sector, more than most, cashflow is crucial.

The bond represents the amount of retention money that would otherwise have been withheld, which is commonly between 3% and 5% of the contract price.

Best for

  • Main Contractors
  • Sub-Contractors

Highlights

  • Allows for release of retention monies that would otherwise have been withheld
 
 
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