PERFORMANCE BOND 

39 ALEXAN DRA COURT) CHR0.N0L0GY OF EVENTS 16 October 2OOO - Client wrote to

Archltect that performanoe bond for 1O% the contract value is required from Mastforce, which would cover the
cost .-nt- setting out with the altemative coneractor in the hopefuIIY unJeely event that Mastforce are unablc ro
perform for any reason 24 October ZOEV - Architect wrole tc Lue Osent tha: they will discuss with Mastforce.
Mastforce have however already said that they could offer a '?arent Company Guaranteem as they have on the
oliter _iob t}:;t they are doing 

for the Architett 27 October ZOOC Architect wrote to Mastforce attaching a eopy of 
:mended4noomplete form of perfo~ce bond and asking them to advise [ uni-, wouid, til pr:nct;ie, ue acceplahte
Lo th8\ ERG %CIF §€tflk[ (Architecr forwarded clieni onl}n copt- of their letter to Masttorc . 3l October 2O00 -
CJient tlote :o Archi:ec that &aed on lawh-er' s a@vicc aonfirmabon from Mastforce to issuc perfornnance bond
awaited . This sho=1 
he a condition for signing of contact wand needs to be Snalized prior to fig _ date for prescontract me 9
November 2OOO - Client w:o:e :o .Uchitect advising that the cos: of providing a performance bond by Mastforee
is very high and unacceptatle and adx\sed that MES haci conveyed the folioaving price (ref /tzchitect's fax of
27 J-uly ZOOG-):5%; oflOO-5 ofeontract sum. £100/`- set ur fee bv the bank. I4 November 30tM] - Mastforce
wrote :o Architect arld attoohing a copy of industrv wrandard bond wording and advhsing that the perfomiance
bond fee (_based on a contract value ofup-to £l6C?O(]Q;-woutld be £ 2,175.00. 15 November 2OOO - Architect
wrote to the Client attaching a copy c indutEtt> stand ard bond wordin; and infomting that they have sent a
nopy of the skme Io the Lawyer for his informnuon Archltect nave ueen inu-cpcnde-:}y sdt4sed by thei: onrn
insurers, AON, tral this typ¢ of lond, at