The free event, held at the firm’s offices in the city’s Beechwood Business Park on 20 November, will focus on what happens behind the scenes with these securities, and the unexpected consequences that can arise, particularly for contractors.
Senior associate Roddy Cormack will cover
The extent to which the employer needs to formally prove loss depending on the type of agreement
Guarantor banks’ sometimes surprising responses to claims
What happens if the sum claimed is more than what is contractually due
Mr Cormack said: “Performance bonds and parent company guarantees are frequently a requirement of building contracts.
“They can be a useful part of the risk management toolkit for employers. At the same time, however, they can come with some hidden traps for contractors.”
Book now
Register online for the event at Kintail House, Inverness, on Monday, 20 November from 12.30pm - 2pm.
