Performance Guarantee Insurance: A Must-Know for Contractors
In South Africa, over 30% of construction projects face delays or defaults, costing employers millions annually. That’s right—millions! I’ve seen it firsthand in the industry buzz here in 2025: a contractor bails, deadlines slip, and suddenly everyone’s pointing fingers. But there’s a safety net that’s gaining traction—performance guarantee insurance. This isn’t just paperwork; it’s a […]