Collateral Warranties

We put together this scenario to Jason Farnell, Adjudicator and CEDR Accredited Mediator from Commercial Risk Management.

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What is a Collateral Warranty and in which projects should we have them in place?
From who are we required to get Collateral Warranties? The Main Contractor? A specific Subcontractor?
What are the risks if we don’t have Collateral Warranties? Can we request them retrospectively?

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Are you tendering with subcontractors?
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