Putting a noose on builders
Reina, P.
Putting a noose on builders - 1987 - Contract Journal 9 April 1987, 14-154(2) .
Describes a trend whereby clients ask for on-demand performance bonds . These impose a commitment by a contractor, if it fails, to pay a client an agreed sum on first demand. Outlines why clients feel that they need them and the reasons why construction associations are united in opposing them. Photos.
DOCKLANDS LIGHT RAILWAY
LONDON BRIDGE CITY
Putting a noose on builders - 1987 - Contract Journal 9 April 1987, 14-154(2) .
Describes a trend whereby clients ask for on-demand performance bonds . These impose a commitment by a contractor, if it fails, to pay a client an agreed sum on first demand. Outlines why clients feel that they need them and the reasons why construction associations are united in opposing them. Photos.
DOCKLANDS LIGHT RAILWAY
LONDON BRIDGE CITY