In this paper, Nicholas Gould considers some of the basic principles relating to bonds in the construction industry. By its nature, therefore, this paper briefly compares formal security to informal security such as bonds and guarantees before then examining unconditional on-demand bonds and conditional bonds.
Bonds and Guarantees: What to focus on in the current economic environment
January 2024 Insight looks at bonds and guarantees, including the basic issues parties forget when offering securities.