Putting a noose on builders
Language: English Series: Contract Journal ; 9 April 1987, 14-154(2)Publication details: 1987Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS37575 (Browse shelf(Opens below)) | 1 | Available | 5319-1001 |
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.