n Without Prejudice - Construction guarantees : construction law

Volume 14, Issue 5
  • ISSN : 1681-178X



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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