Providing pragmatic advice,
focusing on the issues that matter.

Novation Agreements, Bonds & Guarantees

The responsibility for aspects of the design of the works is often transferred to the contractor by way of a novation agreement. In larger projects you will often require some form of security in the way of a performance bond and/or parent company guarantee. We can prepare and advise on such agreements, to ensure that the terms properly reflect the party’s intentions and that you understand the obligations you are agreeing to.