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Road Bonds Insurance is required by the highways authorities for any development where roads are being constructed and will be adopted by the council after completion. If the road is not completed to the specification outlined in the planning approval the council has the resources to bring it up to standard.
S38 Agreements cover new roads and S278 Agreements cover work done on existing roads. The amount of security required is determined by the council and is often higher than the developers’ own budget for the work.