THE RESIN FLOORING ASSOCIATION

TELEPHONE: _07484 075 254

RETENTION BONDS

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THE FeRFA EXCLUSIVE RETENTION BOND SCHEME

COBRA offers FeRFA members an exclusive Retention Bond Scheme. This scheme gives FeRFA members the facility to offer clients a bond instead of a cash retention.

ADVANTAGES OF RETENTION BONDS

  • Improved cash flow with no cash retentions
  • No need to chase outstanding retentions
  • Bonds have expiry date to suit end of obligation
  • Saves administrative time and effort
  • Pre-approved so you can offer your client a bond without waiting
  • Bond limit is set annually
  • Simplified application procedure
  • No need for a separate application for each bond
  • Pay by instalments to spread the cost
  • Security for the client

RETENTION LEGAL EXPENSES

This new product is in development and will be available shortly, expected first quarter 2014.

GET IN CONTACT TODAY

To discuss your insurance needs, and for a no obligation quote, please call:
Howard Collins, Director, Cobra Insurance Brokers
on 07775 888933 or email here
www.cobrainsurance.co.uk

 


FeRFA supports the NSCC No Retention Policy - that the practice of withholding cash retentions is outdated and unnecessary in modern construction. The best guarantee of quality is to choose a specialist and trained FeRFA contractor to undertake the work involved. More information on the NSCC No Retention Policy can be found HERE.

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FeRFA Contact Details

FeRFA
PO Box 3716,
Stone,
Staffordshire ST15 9EU

TELEPHONE: 07484 075 254

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