When considering performance security requirements to support project contracts, parties often wonder what form\r
of performance security is appropriate - a performance bond, parent company guarantee, financial institution\r
guarantee or letter of credit. Each of these instruments is used to achieve the same goal, namely to increase\r
confidence and manage risk between the parties in order to facilitate the underlying transaction. However, each\r
instrument carries nuances that may impact upon its operation and utility, and therefore its appropriateness in\r
different commercial contexts.
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.