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Performance Guarantee for Variations

By Francis Moyalan, PMP,PMI-SP
Created 28 Mar 2010 - 02:56
Submitted by Francis Moyalan, ... on Sun, 2010-03-28 02:56
Hi Friends,

We are having a situation where, client is asking for issuing the Performance Guarantee for the Variation Works instructed formally.

Contractor is not agreeing to this as there has been no consensus on several instructed variations. The value claimed by the contractor for several variations are not agreed by the Engineer. In this situation please advise as per FIDIC Red Book for Lump Sum Contracts what the provisions say?

Thanks in advance.
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