Surety Bond: A Game-Changer for Indian EPC Companies and the Construction Industry0

• Business
• November 30, 2024

New Delhi [India], November 29: In India’s rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount. Traditionally, bank guarantees have served as the backbone for ensuring performance, payment security, and contract fulfillment. However, with challenges such as high costs, reduced liquidity, and restricted access for many contractors, the reliance on bank guarantees is