Parent company guarantees: Unreasonable demands?

By Stephanie Canham2019-10-01T05:00:00

Parent company guarantees can provide some security for those contracting with a contractor in the event of the latter suffering cash flow problems

Security for non-performance or insolvency may be attracting a little more attention than the norm by those potentially exposed in the event that, say, a contractor or a developer seeking development finance finds themselves with cash flow difficulties. One of the most popular methods of providing security to those potentially exposed contracting with, for example, a contractor or developer is the requirement for a parent (or holding) company guarantee (PCG).

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