teljesítésbiztonság
Teljesítésbiztonság, often translated as performance security or completion assurance, refers to a set of measures and guarantees designed to ensure that a contract or project is successfully completed according to its agreed-upon terms and conditions. This concept is particularly relevant in the fields of construction, engineering, and complex supply chain management.
The primary goal of teljesítésbiztonság is to mitigate the risks associated with non-performance, delays, or substandard
Common mechanisms employed to ensure teljesítésbiztonság include performance bonds, bank guarantees, letters of credit, and escrow
In addition to financial guarantees, performance security can also involve contractual clauses that define clear performance