HC Deb 06 December 1979 vol 975 c325W
Mr. Wigley

asked the Secretary of State for the Environment if he will take steps to ensure that contracts entered into by registered housing associations for building undertakings will incorporate a requirement for the inclusion in such contracts of performance bonds.

Mr. Stanley

No. Such a requirement would cost of the order of £6 million in the current year. It is better to meet any additional costs arising as a result of the non-performance of a contract by the use of housing association grant, if necessary.