NECESSARY BANK GUARANTEES FOR THE INTERNATIONAL PROJECTS IMPLEMENTATION IN CONSTRUCTION
Construction industry is an activity connected to a large number of other activities and it influences their development significantly. Construction in Serbia has a long and successful tradition in the international markets, but currently, there is little participation of our companies in the...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
KD Mapro
2019-07-01
|
| Series: | Journal of Process Management. New Technologies |
| Subjects: | |
| Online Access: | http://www.japmnt.com/images/volume7/issue-3/8.%20NECESSARY%20BANK%20GUARANTEES%20FOR%20THE%20INTERNATIONAL%20PROJECTS%20IMPLEMENTATION%20IN%20CONSTRUCTION.pdf |
| Summary: | Construction industry is an activity
connected to a large number of other activities and
it influences their development significantly.
Construction in Serbia has a long and successful
tradition in the international markets, but currently,
there is little participation of our companies in the
international markets and it is far from the
available possibilities. Following the collapse of
the largest construction companies during the
transition process, new companies are developed
and they need institutional and financial help and
support to appear in demanding international
market. This paper emphasizes the necessity to
provide bank guarantees required by investors in
the implementation of the international projects,
with the aim of securing work quality and
contractual deadlines. One of the solutions is to
create a Development Bank with the appropriate
support for the construction companies in acquiring
business in the international market. |
|---|---|
| ISSN: | 2334-735X 2334-7449 |