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In construction contracts, both an advance payment guarantee and a performance bond in the form of a bank guarantee are often agreed, which the contractor must provide. This distinction is particularly important if the employer makes unlawful use of the bank guarantee. A performance bond ensures that the work is
Pursuit of warranty claims and claims for damages in a construction project not only requires knowledge of the contractual legal framework. In practice, efficient project implementation will first of all depend on the quality of the project organisation. Such already starts with release of the tender documentation which should provide for an as clear as