This article by Rob Mills discusses how NEC4 Option X4 enables clients to use parent company guarantees (PCGs) as a form of contract security. It explores the benefits of PCGs in risk management, financial security, and trust-building while highlighting key considerations such as scope, limitations, jurisdiction, and drafting costs. When properly implemented, Option X4 helps safeguard project interests and ensure contract stability.

Posted by NEC Contracts at 2025-04-07 07:56:48 UTC