Episode 9 Summary In the video, Patricia discusses parent company guarantees - documents where a parent company promises to step in if their subsidiary construction company breaches a contract or goes insolvent. She notes that developers increasingly demand these guarantees upfront, seeing them...

In this podcast episode, Patricia Heywood, founder of Heywood Commercial and an expert in construction contracts, delves into the significance of parent company guarantees in the construction industry. She explains that parent company guarantees serve as a form of security, ensuring that a...