Traditionally, bank guarantees have served as the backbone for ensuring performance, payment security, and contract fulfillment.
However, with challenges such as high costs, reduced liquidity, and restricted access for many contractors, the reliance on bank guarantees is being reconsidered.
Enter the surety bond: a modern financial tool that is emerging as the perfect replacement for bank guarantees, particularly in the construction sector and for Engineering, Procurement, and Construction (EPC) companies.
This article explores how surety bonds are revolutionizing the industry and why they are a blessing for Indian EPC firms striving to thrive in a competitive and capital-intensive environment.
この記事は The Business Guardian の November 30, 2024 版に掲載されています。
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この記事は The Business Guardian の November 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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