Bonded Order LogoCASTLE STEEL BUILDINGS are delighted to offer a new Bonded Order Scheme via our suppliers Capital Steel and NatWest Bank.

This unique facility allows a customer to agree an Advanced Purchase Agreement (contract) with our suppliers and lodge funds to cover the cost of their building separately with the Nat West bank.

In return for lodging funds, the customer will receive a bond (guarantee) from the NatWest which will expire after 42 days.

The bank will retain the funds, releasing them to CASTLE STEEL BUILDINGS and our suppliers only when the customer has received the building or when bond expires.

Where larger order values are concerned some customer can be understandably nervous about paying upfront and it is difficult to us to fully fund materials for a building before being paid. This facility gives customers peace of mind and also gives us the confidence to supply your building, safe in the knowledge that our invoices will be settled immediately when the bond expires.

Frequently Asked Questions

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What is the Advanced Purchase Agreement and Bond?
Why do I have to pay in advance for the goods I have ordered?
Can I use the Bonded Order Scheme to pay for ground works and construction?
Is there a minimum or maximum amount to the Bonded Payment Scheme?
Why do I have to pay the price to the Bond and not to the Distributor?
What happens to my money?
What happens if I do not receive the goods?
What happens if the Expert finds in my favour?
What if I don’t claim under the Advanced Purchase Agreement?
How long does the Advanced Purchase Agreement last?

What is the Advanced Purchase Agreement and Bond?
It is a means of providing reassurance to customers that they will receive the goods which they have ordered and for which they have paid. We understand that sometimes paying up front can be off putting so we want to create a system that reassures you – the customer – and allows us to get your building delivered and built quickly.

Why do I have to pay in advance for the goods I have ordered?
By paying upfront for the goods, we are able to offer better prices to our customers as they do not need to bear the cost of bad debts. Additionally, it means that we are guaranteed payment once the goods are delivered.

Can I use the Bonded Order Scheme to pay for ground works and construction?
No. The scheme only covers the cost of the building, which is priced separately on your quotation.

Is there a minimum or maximum amount to the Bonded Payment Scheme?
The scheme is available for building kits that cost £3000 or more, excluding VAT. There is no upper limit.

Why do I have to pay the price to the bank and not to the you?
We have agreed with our supplier Capital Steel that the purchase price will be placed in a nominated account with the NatWest bank to await contract fulfilment. We want you to be reassured that we are not going to receive any money until you’ve received the building you’ve ordered.

What happens to my money?
The monies will remain in the nominated account with the NatWest until the goods you have ordered have been delivered to you.

What happens if I do not receive the goods?
In the unlikely event that you do not receive the goods you ordered, you may refer the matter to an independent expert who is named on the Advanced Purchase Agreement and who will determine whether or not you have received what you have paid for.

What happens if the expert finds in my favour?
If the expert rules in your favour, you may call on the bond granted by the NatWest which will guarantee the return of monies paid by you in respect of the undelivered (or faulty) goods.

What if I don’t claim under the Advanced Purchase Agreement?
After a period of 4 weeks following the latest delivery date stated in the Advanced Purchase Agreement if no claim has been made, the monies will be paid to our suppliers and ourselves.

How long does the Advanced Purchase Agreement last?
There is no minimum or maximum period. The bond will expire 4 weeks after the latest delivery date.