Contract Risk Management

Advance payment contracts, also known as advance funding contracts, offer a way for project owners to financially support contractors at the start of a project. These contracts involve an upfront payment to the contractor before…

Project complete or product purchased? Warranty Bonds offer valuable security for project owners and buyers. Let’s explore how they work.​ What is a Bank Guarantee for Warranty (Warranty Bond)?​ A Bank Guarantee for Warranty (Warranty…

Project finished? Warranty Bonds offer an extra layer of security for project owners. Let’s explore what they are and how they benefit you.​ What is a Warranty Bond?​ A Warranty Bond is a financial guarantee…

Entering a contract for a project? Performance Bonds offer valuable financial security for project owners. Let’s explore how they work.​ What is a Bank Guarantee for Performance?​ A Bank Guarantee for Performance (Performance Bond) is…

Starting a construction project? Performance bonds offer essential security for project owners. But how do they work?​ What is a Performance Bond?​ A Performance Bond is a financial guarantee issued by a surety company on…

Surety bank guarantees offer peace of mind in business transactions, but they’re not without challenges. Here are some key pitfalls to consider for both beneficiaries and guarantors:​ Mitigating Challenges:​ Surety Bank Guarantees remain valuable risk…

In construction or procurement projects, advance payments can be crucial to get things started. But how can project owners ensure these payments are repaid? This is where Advance Payment Bonds come in.​ What is an…

Surety bonds offer peace of mind in contracts, but they’re not without drawbacks. Here are some key pitfalls to consider for both contractors/suppliers and project owners/clients:​ Surety bonds remain valuable risk management tools, but being…