Bond Reduction Service

VEMCO’s BOND REDUCTION SERVICE

The Issue

Holding onto un-adopted sites causes a number of problems for developers:

  • mounting over-run fees;
  • ex-residents with retentions held against them; and
  • old un-adopted sites incurring fees from your bondsman.

Let’s be clear – footways, kerbs, carriageways and street furniture all deteriorate over time and, the more time that elapses, the more it will cost to get this infrastructure adopted.

Furthermore, tying up bond money on several sites runs to a limit with your bondsman; beyond this limit your ability to undertake future developments is severely hampered.

For so many reasons, it is in the best interest of your business to reduce this liability sooner rather than later (particularly on developments exceeding 4 years of age).

 

Why use Vemco Consulting?

We are a firm of experienced highway and transport specialists offering a 4-Stage Programme aimed at reducing your Section 38/278 bond liability.  We will help take the hassle out of this work and reduce its impact on your business.  Engaging us means there is no need for you to employ a full-time member of staff and you only pay for the work we do in stages; so, if at any time you are not happy with our service, then you can simply walk away at the end of a stage.

No staff to manage and no redundancy costs to pay when you need to lay people off – only payment by results!

Our offer

Our 4-Stage Programme works as follows:

Stage 1 – Defects Report

We prepare a professional defects report (see example in the image opposite) to gain agreement from the Highway Authority and, at the same time, minimise costs for your organisation.

Stage 2 – Delivery of initial remedial works

We secure competitive contractors’ prices for correcting the defects, manage contractors and rectify agreed defects.

 

Stage 3 – Defects report for adoption

We produce a final Defects report agreed by Local Authority that would enable the commissioning of remedial works for the infrastructure to be adopted by the local authority.

Stage 4 – Delivery of final remedial works

We will secure competitive contractors prices for correcting the final defects, manage contractors and rectify agreed defects so the infrastructure can be formally adopted.

Our experts have many years’ worth of expert knowledge in development control matters and we understand that in this current economic climate, cost savings and increased opportunities have never been more important.  Let us help you secure savings for your business and get these liabilities reduced or cancelled.
If our proposal is of interest to you, feel free to email me at basil.jackson@vemcoconsulting.com, or call me on 01223 655570 so we can arrange to discuss the proposal in more detail.

In the meantime, we look forward to working with you.

Basil Jackson

Basil Jackson

Managing Director at Vemco Consulting
VEMCO was established in 2012 by Basil Jackson, a chartered civil engineer with more than 20 years’ experience in local government. Designations: BEng, MSc(Eng), CEng, MICE, DMS Managing Director, Vemco Consulting
Basil Jackson

@VemcoConsulting

Highway, Traffic & Transportation Consulting
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Basil Jackson
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