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Five-year guarantees for all projects urged

Language: English Series: Contract Journal ; 360 (5842) 10 October 1991, 1(1)Publication details: 1991Subject(s): Summary: A draft EC directive proposes a mandatory five year latent defects insurance on all construction work fron 1993. The new regime would mean an end to collateral warranties and bank guarantees.

A draft EC directive proposes a mandatory five year latent defects insurance on all construction work fron 1993. The new regime would mean an end to collateral warranties and bank guarantees.