First-demand Bonds & Guarantees

I advise contractors, suppliers and developers on bid bonds, performance bonds, advance payment guarantees and other on-demand securities used in Saudi and international projects. This includes reviewing bond wording before issuance, managing call risk, and acting quickly when a demand is made to protect the client's position.

How I can help

• Reviewing and advising on bond and guarantee wording before issuance, to avoid unfavourable terms
• Advising contractors and suppliers on exposure under on-demand and first-demand guarantees
• Managing call risk and responding quickly when a demand or call is made
• Advising on the interaction between bonds, guarantees and the underlying contract, including release and reduction mechanisms

Why this matters

On-demand and first-demand bonds can be called with limited notice and little room for contractual defence, so the real protection comes from getting the wording, the underlying contract terms and the response strategy right in advance. I help clients anticipate that exposure before it becomes a problem, and act decisively when a demand is made.