Good parenting
13 September 2012
A parent company guarantee is good insurance if a supplier defaults. But to stand up, it must be signed by the right guarantor, says Alexandra Thrower
Purchasers will often find themselves in the position where they have chosen a particular supplier, often for a bespoke service or product, but may also have concerns about its ability to deliver. The supplier may be small, or a new company, or its financial position may be unclear.
There are many ways to address these concerns, such as obtaining a performance...