There’s no doubt that the economic uncertainty of the last few years has driven the demand for construction bonds to support commercial contracts and regulatory obligations.
Just as the construction market thought that 2022 would mark a return to normality, the Office for National Statistics (ONS) Statistics warned that consumer price inflation hit 9 per cent in the year to April. The Bank of England also warned that the cost of living is expected to rise further this year. Sterling Advisory’s […]
In times of prolonged economic uncertainty, the demand for Guarantee Bonds has grown significantly within the UK construction industry. Due to the financial impact of recent global events, many firms are contractually required to have a guarantee bond in place to protect their Employer in the event of the Contractor’s default on their contractual obligations […]
