Bank Bond – Capital Steel Buildings for Industrial Buildings | 1st Choice
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The Capital Steel Buildings Bank Bond Scheme (Peace of Mind)
For even further peace of mind, Capital Steel Buildings, offer their unique bonded order through the Nat West. The scheme is provided solely to give you, the customer, complete peace of mind when ordering your building through 1st Choice. What is a bonded order? it’s very straight forward. Your money is held by Nat West and is not released to us until AFTER your new Capital Steel Buildings has been delivered in FULL.
Capital Steel Buildings, the leaders in the cold rolled steel building, with their superb technology have been at the forefront of design the very best steel buildings to suit your precise needs. This technology is backed up with their structural engineers and Strathclyde University.
Progressing from this they looked at the other aspects of the steel industrial buildings market, namely paying for your building. We all have heard of the horror stories where unscrupulous companies take very large deposits and payment in full with no intention of supplying the buildings ordered leaving you with a very big hole in your finances. These ‘rogue traders’ may also be responsible for supplying cheap, unsuitable materials for your new building, meaning, even if you get your building you don’t get the peace of mind which you get with a Capital Steel Building, backed up with Steadman’s their steel suppliers.
Capital Steel Buildings, are now able to reverse this trend by highlighting the differences between other ‘fly by night’ companies and Capital’s exemplary services. They operate a ‘no-credit’ policy throughout their supply chain to ensure a 100% record of success. With this in mind the Capital Steel bank Bonded Order Scheme was born, administered by Nat West Bank, on behalf of 1st Choice Leisure Buildings.
The problem being is if a service is operated solely on credit then it requires only one in the supply chain to fail to bring the whole process down, to the detriment of you, the customer. Capital Steel, being unique in recognising this issue, set out to find a solution. Working with a major financial institution they pioneered the Capital Steel Bank Bond to address these potential time bombs.
We are happy to offer this optional Bonded Order to all our customers. The bank bond normally costs £165 which is implemented by the bank, so this is the only charge you made to us which is paid to the bank for setting up this bond. This gives you complete peace of mind. This Bond is a legally binding agreement whereby the customer lodges the funds with Nat West, in a secured account, and a Bond is issued by Nat West directly to you. These funds will NOT be released to us until your bespoke building is delivered in FULL, Nat West is 100% responsible in ensuring your money is safe. We don’t receive a penny until then. Complete peace of mind until then.
The only downside is that the order process takes a little longer than the normal 3-4 weeks for delivery, but not much longer. The order has to be agreed in precise details and can’t be changed. These details are sent to Capital who raise the Advanced Purchase Agreement (legal document between Customer and Distributor) This is then sent to you and you would then lodge your payment with Nat West. When this happens they would issue you with your Bond and we would then be able to place your order with the factory for delivery within 3-4 weeks.
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