Contract Securitization: Surety Bonds versus Bank Guarantees

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€50.00
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This Skill Bit explores bid bonds, advance payment bonds, performance bonds, and warranty bonds (surety bonds) used to secure contracts. It compares these to similar instruments called bank guarantees, highlighting the key difference: issuer (surety company vs bank) and who fulfills the obligation.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.

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