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Bonds and guarantees are a vital element in any construction contract. Yet they are also highly technical documents and must always be drafted carefully to avoid costly errors being made.
This practical guide to the negotiation and drafting of bonds and guarantees provides a commentary upon their legal basis and critically examines which form of security is most appropriate in a given set of circumstances. The book also gives advice on the tactics that should be employed in the event that litigation is required to enforce the security.
This volume should be of interest to constructions lawyers, quantity surveyors, architects and construction project managers.