PAGE SECTIONS: BESA BESA TOP: BESA

PCGs (Protect your business)

Parent Company Guarantees

Published: January 0001
Pages: 3
BESA Product Code: LC 89

The current global financial crisis has increased the risk of insolvency for many businesses. In this economy, parties to construction contracts need to adopt appropriate safeguards to minimise the loss resulting from the insolvency of their contract counterparties.

There are a number of well-recognised means of protecting a client's commercial position. This article focuses on parent company guarantees ("PCGs") (performance bonds and retentions are dealt with elsewhere).

 

Average Rating: (0 Reviews)
Questions & Comments (0)

Why join BESA?

Find out more about how BESA can help your business and the benefits available to members.

Read More

Find a BESA Member

Use our simple, fast member search function to find a BESA Member for your next project.

Read More

Why Use a BESA Member?

Find out why you should use a BESA Member for your next project.

Read More