Is it reasonable and market standard for a performance bond guarantor to restrict liability to pay until after completion of the guaranteed works?

Asked 2 weeks ago

2023-01-18 09:21:02

Context is the works are a key subcontract package procured by a main contractor under NEC terms.
What happens if the works are never completed due to performance failure of the party undertaking them?

Steve Hardy
Steve Hardy
Director at Steve Hardy Consulting Ltd

Asked on Wed, Jan 18, 2023 9:21 AM

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