Industrial News

Project Assured, the brainchild of Folkestone builder Ricki Glover, acts as a financial intermediary between builder and client. The client develops a building specification for which the builder provides a quote for completing the job. The client then lodges the agreed amount of money with Project Assured, which releases it when the job is completed satisfactorily or in staged payments for bigger jobs.

Ricki Glover, who has run his building firm RG Building for over 20 years, explained: "Having building work done is a major investment, and unfortunately the building trade does not have a fantastic reputation when it comes to financial propriety.

"Project Assured is great because of its simplicity. For a small fee, clients can be assured that their funds will only be released when they are satisfied with the job. Builders will also welcome the service because they will have a guarantee that the client has the funds to pay for the job."

The Internet-based service has just been launched and information can be found at www.projectassured.com. In addition to online access to their accounts at any time, clients will be able to talk directly to telephone representatives if they ever need to talk directly about their project.

Ricki Glover continued: "Project Assured is one of those very rare business ideas where everyone really does win. For a small fee the client and builder will both go into a project with the reassurance that the job will be done correctly and that the money is there to pay for it!"