The problems and abuse of performance bond in the construction Industry
Performance bond is a bank-origin system adopted in the construction industry to act as a tool to ensure project delivery. The bond is taken up by an obliging party with endorsement by a third party; normally a banking institution, which would warrants the release of an insured amount should the obl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of Physics Publishing
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher View in Scopus |