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What are the benefits for the Highways Authority?
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Benefits to Developers

BENEFITS TO HIGHWAYS AUTHORITY

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The Highways Authority as the beneficiary of the policy is provided with a simple solution in the event of a potential default under a Section 38 Agreement.

Image of Road DevelopmentAs well as providing full financial protection in the event of a claim RBL will ensure that the Developer complies with the Agreement or appoint an alternative contractor to complete the insured Road.

Added benefits are that the Highways Authority is relieved of the administrative burden of handling cash deposits and bank guarantees and Developers will have more working capital to meet Local Authority house building targets.

 

 

 

 

 

   

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