You are here

Landmark ruling on performance bonds in building contracts

Developer's call on S$7.7m bond after ending contractor's services upheld
Tuesday, April 28, 2015 - 05:50

PMI34424.jpg
Property developers can now make it harder for contractors to seek an injunction against calls for unconditional performance bonds used in building works contracts following a landmark ruling by the Court of Appeal.

Singapore

PROPERTY developers can now make it harder for contractors to seek an injunction against calls for unconditional performance bonds used in building works contracts following a landmark ruling by the Court of Appeal.

Conditional or unconditional performance bonds are

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom