Commercial risk or a matter of trust
Language: English Series: Cost Engineer ; 30(2) 1992, 13-15(2)Publication details: 1992Subject(s): Summary: Highlights cases where contractors have had to provide bonds as Surety for the completion of their obligations under the contract. Begins by identifying those bonds more commonly used, including tender bonds, advance payment bonds, performance bonds and retention bonds, before looking at the cases in more detail. Fairclough Building Ltd v Cigna Insurance Company of Europe SA; R D Harbottle (Mercantile) Ltd v National Westminster Bank Ltd; I E Contractors Ltd (formerly GKN Contractors Limited) v Lloyds Bank plc and Rafidian Bank; The Wardens and Commonality of the Mystery of Mercers of the city of London v New Hampshire Insurance Company; Costain International Ltd v Davy McKee (London) Ltd and the Standard Chartered Bank, discussed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS46021 (Browse shelf(Opens below)) | 1 | Available | 56396-1001 |
Highlights cases where contractors have had to provide bonds as Surety for the completion of their obligations under the contract. Begins by identifying those bonds more commonly used, including tender bonds, advance payment bonds, performance bonds and retention bonds, before looking at the cases in more detail. Fairclough Building Ltd v Cigna Insurance Company of Europe SA; R D Harbottle (Mercantile) Ltd v National Westminster Bank Ltd; I E Contractors Ltd (formerly GKN Contractors Limited) v Lloyds Bank plc and Rafidian Bank; The Wardens and Commonality of the Mystery of Mercers of the city of London v New Hampshire Insurance Company; Costain International Ltd v Davy McKee (London) Ltd and the Standard Chartered Bank, discussed.