medium10 pts · first answer countsrisk-managementcontract-risk

A performance bond

A UAE government client asks the contractor for a performance bank guarantee of 10% of the contract value. Whose risk does this mainly reduce?

A.The client's risk that the contractor failsB.The contractor's risk of late payment by clientC.The bank's risk of losses from currency movesD.The sub-contractors' risk of injury on site

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A performance bond

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