Bonds, Guarantees and Performance Security in the Construction Industry

Bonds and guarantees are a vital element in any construction contract. Yet they are highly technical documents and must be drafted very carefully to avoid costly errors being made. This practical guide to negotiating and drafting bonds and guarantees provides commentary on their legal basis and sets out 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 to enforce the security. An invaluable reference for all construction lawyers, quantity surveyors, architects and construction project managers. Available on 28 days' approval.