Performance bonds and guarantees

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Performance bonds and guarantees

Needless to say, a construction project depends for its success on the contractor performing its obligations under the construction contract. This guide gives an overview of the methods used by developers to protect themselves against default by a contractor.

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The construction industry scheme

If your company is spending more than £1m annually on construction operations, it is likely that a withholding tax scheme operated by HMRC will apply to the payments you make. Non-compliance can involve severe penalties. This guide provides an overview of the scheme.

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Construction procurement

The different types of contract used in the construction industry are numerous and varied. This guide gives an overview of the available methods of construction procurement.

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