Where the Bond Holder has not arranged an inspection with Councils representative and the bond period has expired, including any extensions of time, Council will give the Bond Holder written notification that the bonded works must be completed within 20 working days. If after the period of 20 working days the works are still outstanding then Council will arrange for the work to be completed at the Bond Holder’s expense.
Funds for the work, including administration, will be charged against the bond value. Where, after completion of the bonded works, some of the Bond Value remains then this value will be refunded to the Bond Holder.
If the bond value is insufficient to cover the bonded works Council will seek reimbursement of the outstanding amount from the Bond Holder. This may include legal action, debt collection or placement of a charge over a property.
Definitions in this section