JLES Group - The Complete Engineering Solution

Bond Management

Bond Management and Cash Bond Reclaims

With well established strategic relationships within the UK surety market, JLES can undertake a complete search and trace exercise on behalf of our clients. This provides you with a schedule of all known bond liabilities. Bond Position Statements are then issued periodically, providing solutions to priority cases and illustrating any reductions in bonds as we achieve them. Where bonds are identified to be eligible for cancellation or reduction without any client expenditure, we will then act on your behalf to obtain the reduction, cancellation or cash reclaims for a preagreed management fee.

Key features

  • Obtain current bond liability position
  • Immediately reduce/cancel eligible bonds and cut ongoing costs
  • Release cash bonds and increase working capital
  • Pursue cash rebates for unjust bond facility charges
  • Monitor ongoing bond liability position and achievements