This chapter presents the comprehensively beneficial association producers can and should have with a completion guarantor for each of their projects for which there may be significant investor and/or distributor financial risk. A completion guarantee sometimes is referred to as a completion bond and is a requirement for most bank and other common forms of independent production financing. As is reviewed in Chapter 14, producers should engage their completion guarantor relationship during the early development of each of their projects.
What Completion Guarantees do
As presented in Chapter 6 Production Financing, today’s project financing most often includes one or more participants from eight primary categories. ...