Retention Bond

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This is a type of performance bond that protects the Contract Employer after a job or project is completed. It guarantees that the contractor will carry out all necessary work to correct structural and/or other defects discovered immediately after completion of the contract, even if full payment has been made to the contractor. This Bond covers what is known as 'defects liability' period.

Associated risk would be mitigated by an adequate analysis of the customer's track record of prior successfully executed jobs; analysis of technical partner’s (if any) competence, as well as the appointment of Project Manager by the Bank.

 

 

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December 13, 2017
SHARE PRICE N 0.6200 Up
VOLUME TRADED 10,515,199 Up