13.28 Bonds

​​​​​​13.28 Bonds

To ensure that developments undertaken by private developers are satisfactorily completed, developers will be required to provide cash deposits or submit a bond from an insurance company or other financial institution acceptable to the Planning Authority for the satisfactory completion of developments and their ancillary services. This bond or surety is to be submitted before development is commenced. In the case of residential developments, the bond will only be released when the estate has been fully completed to the satisfaction of the Planning Authority and has been formally taken in charge by the Planning Authority.