Garantie de bonne exécution

Définition

A financial guarantee — typically 10% of the contract price — issued by a bank or insurance company to the employer as security for the contractor's performance obligations. If the contractor defaults, the employer can call on the bond to recover losses. In the GCC, unconditional (on-demand) performance bonds are standard, meaning the employer can call the bond without proving actual default — a significant risk for contractors. Under FIDIC, the performance security is governed by Clause 4.2 and must be in the form specified in the contract (typically ICC Uniform Rules for Demand Guarantees, URDG 758). Bond release occurs after the defects notification period expires.