Letters of guarantee in construction contracting (FIDIC

Abstract

Letters of guarantee occupied an important position in all economic fields in general and in the field of
Construction Contracting (FIDIC) contracts in particular as an alternative to placing a cash amount by
Contracting is under the employer's hand to ensure the seriousness of this contractor in entering the tender, or the good performance of
Work during implementation, or ensure project maintenance and repair of defects that appear during the maintenance period.
And after issuing a certificate for final delivery, and then finally ensuring that the employer will recover the advance payment that