Clyde & Co's Firm Foundations programme informs and empowers in-house counsel and industry participants, by providing topical and commercially focused insights into developments in the law affecting construction and infrastructure.
This session provided practical insight into some of the more commonly used forms of security on construction projects. In particular, we considered the following questions:
- What is the difference between a bond and a guarantee, and what is the real meaning of the language used in each?
- Why and when should you use different forms of performance security?
- What are the practical considerations of relying on, or providing, security documents?
- Payment security from employers under construction contracts: how and why?
If you have any questions or would like more information on our Firm Foundations programme, please contact firstname.lastname@example.org.