Metroun - Collateral Warranties, What Purpose Do They Serve

Insolvency is a huge risk in the construction industry. What first seems like the perfect project, can quickly become the perfect storm. Sometimes, the beneficiary of a construction project can all of a sudden be left with no contractual link to project stakeholders. This is where Collateral Warranties come in. This video discusses what Collateral Warranties are and the purpose they serve.