Today we are indeep into an EPC Contract between our client, a construction company, and an investment fund, for the construction of a photovoltaic plant. Panels supplied from China, with interesting payment terms thanks to Sinosure insurance.
However, the requirement by the fund for an advance payment bond, a performance bond and a warranty bond, plus partial retention of due payments at milestones, are an issue. Negotiation is ongoing and is though!
