Lending & investment · Defined
Completion guaranty
A contractual undertaking by a guarantor concerning completion of a project, with obligations and remedies defined in its terms.
Why it matters
It is not a substitute for confirming the project’s remaining scope and funding. Legal counsel must determine what is covered, by whom, and under which triggering conditions.
In practice
A project example
An apparent funding gap is reported for the parties to evaluate alongside their financing and guaranty arrangements.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.