Performance bonds are a cornerstone of many commercial contracts. In the construction industry, it provides financial security for employers whilst facilitating cash flow for contractors. But what happens when relationships sour over these bonds?
In a recent article for the Singapore Academy of Law (SAL) Practitioner Journal, Partner Lesley Fu and Associate Asaph Heng from our Infrastructure, Construction & Engineering practice group provide practical tips for parties looking to avoid or resolve on-demand performance bond disputes effectively.
This article is for anyone involved with construction contracts and/or on-demand performance bonds, offering clarity on how to navigate these high-stakes financial instruments.
Click here to read the full article.