Satisfaction guarantees
Stebbings, S.
Satisfaction guarantees - 2000 - Building 265 (8157) 13 October 2000, 84-85(2) .
A new improved brand of performance bond is now available in the UK for significantly larger sums than was previously the case. Performance bonds for 50%, 80% or even 100% of the contract price are now available from a select group of insurers, and are cheaper than letters of credit. Due to the size of the cover insurers take a much greater interest than before, and are protected by step-in provisions. Also considers the uses of performance bonds.
PERFORMANCE BONDS
PROJECT FINANCING
CONSTRUCTION PROJECTS
PFI PROJECTS
Satisfaction guarantees - 2000 - Building 265 (8157) 13 October 2000, 84-85(2) .
A new improved brand of performance bond is now available in the UK for significantly larger sums than was previously the case. Performance bonds for 50%, 80% or even 100% of the contract price are now available from a select group of insurers, and are cheaper than letters of credit. Due to the size of the cover insurers take a much greater interest than before, and are protected by step-in provisions. Also considers the uses of performance bonds.
PERFORMANCE BONDS
PROJECT FINANCING
CONSTRUCTION PROJECTS
PFI PROJECTS