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Originally Posted by Bond Guy I have a client that is going to be doing work in Oman. They are going to be required to warranty their work after their project is completed. Do you have any thoughts/reccomendations for this need. My client is a remediation contractor that will be hired by the manufacturer of the equipment for a dairy farm that was hit by a cyclone earlier this year in Oman. The equipment manufacturer is asking that my insured warranty their work for one year after the project has been completed. Any guidance you can lend on this? |
Are they requiring the the Warranty is backed by a bond issued by a Bank or can your 'Insured' self warranty? Its quite usual for 'retentions' to be witheld from payments to act as a warranty. What are the exact requirements?