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Clause 4.2 of the FIDIC red book 2017 edition – Problematic enforcement in South Africa?

Clause 4.2 of the FIDIC red book 2017 edition – Problematic enforcement in South Africa?
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South Africa , South African , Supreme Court , Aveng Africa Pty Ltd , Strabag International Gmbh , Engineering Works Designed , Performance Security , Joint Venture , Aveng Africa , South African National Roads Agency ,

Performance and payment security in the mining industry: an alternative approach

There are various options open to mining companies seeking protection against non-performance by a contractor, and contractors seeking protection against non-payment by a client In the mining and construction industries, the non-performance of a contractor or non-payment by a client to a contractor are potential risks that both parties need to consider in the early stages of their relationship, using performance bonds, insurance and various forms of payment security.  ....

South Africa , United Kingdom , Supreme Court , Aveng Africa Pty Ltd , Strabag International Gmb , Strabag International Gmbh , South African National Roads Agency , Group Five , Cenpower Generation , Contractor Default Insurance ,