n Civil Engineering = Siviele Ingenieurswese - Construction guarantees : construction and project management
|Article Title||Construction guarantees : construction and project management|
|© Publisher:||South African Institution Of Civil Engineering (SAICE)|
|Journal||Civil Engineering = Siviele Ingenieurswese|
|Publication Date||Jul 2014|
|Pages||21 - 23|
The South African construction industry, like that in many other countries, uses guarantees as security for the payment of compensation. Guarantees can be used to secure performance of the obligations of the employer or the contractor under the underlying construction contract. Because they are far more common, only those securing performance of the contractor's obligations are considered here.
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