Products/schemes: Bovis rolls out Subguard in EU
Subguard has been designed to protect clients against major subcontractor default, which could lead to a delay or extra cost on projects.
Subguard protected over US$40bn (£23bn) of subcontract works in the US in 2009. JLT said Subguard acted as an alternative to subcontractor bonds and payouts could also be triggered by other forms of subcontract default such as design problems or workmanship.
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