Spotlight: Surety Bonds - Surety guarantee, bank guarantee, or letters of credit – which should I use?
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Supply chain problems. Labour shortages. Inflation. The war in Ukraine. All of these have created more economic uncertainty than anyone could have predicted. The result is more governmental entities and private companies are requiring bonds, guarantees and/or letters of credit to support commercial contracts and regulatory obligations.
With cash and working capital management at the forefront of all firm’s minds in this current “age of uncertainty,” more companies are turning to insurance company-backed bonds and guarantees as a
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