Parent Company Guarantee
The Contractor provides a guarantee from its parent company. If the Contractor fails, the parent performs.
Commonly required for project-specific subsidiaries. The guarantee is provided before the contract starts.
The parent company guarantee is a separate legal document. Ensure it is properly executed and not expired.
📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.
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