n Without Prejudice - Construction guarantees : construction law
|Article Title||Construction guarantees : construction law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2014|
|Pages||58 - 61|
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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