tag:blogger.com,1999:blog-3350494960151472132.post7216051920990772663..comments2024-03-28T00:29:28.051-04:00Comments on Knowledge to Negotiate: Construction Performance BondsJackhttp://www.blogger.com/profile/04890630881239586638noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3350494960151472132.post-29573813497902514852012-08-07T06:25:42.318-04:002012-08-07T06:25:42.318-04:00MT, as I pointed out in the blog, it all depends ...MT, as I pointed out in the blog, it all depends upon what the specific language says and how the jurisdiction addresses the issues of penalties.<br />.Jackhttps://www.blogger.com/profile/04890630881239586638noreply@blogger.comtag:blogger.com,1999:blog-3350494960151472132.post-81850912012196790172012-08-07T01:40:04.168-04:002012-08-07T01:40:04.168-04:00Im a procuremnet engineer in a EPC (Oil & Gas/...Im a procuremnet engineer in a EPC (Oil & Gas/Infrastructure) construction company in the middle east and your blog has been great help for me and extremely benificial.<br /><br />regarding your article bout performance bond. lets say i have a unconditional performance bond for 10% of order value. and during execusion of the order the vendor gives us a hard time and delays the delivery beyound the agreed delivery date in the contract and the delay is solely his fault, but eventually he delivers the material (delied but delivered). now even if the vendors delay did not cause me any harm for the over all project delivery, can i still cash the performance bond for bad performance and delay?MTnoreply@blogger.comtag:blogger.com,1999:blog-3350494960151472132.post-34211289941478207232012-08-06T18:22:18.353-04:002012-08-06T18:22:18.353-04:00You pretty much summed it up. great blog!You pretty much summed it up. great blog!Equiprenthttp://equiprent.com/noreply@blogger.com