Day: February 12, 2013

A photo of an art installation at Yorkshire Sculpture Park where letters dangle down a wire like beads on a curtain. In the background are the grounds of the park including a high hedge. The letters represent the text included in collateral warranties and other contracts. Photo by Sarah Fox
Sarah Fox

Critical questions for reviewing collateral warranties

Warranties, in construction, are unusual documents. The two parties (the companies who sign the warranty) rarely meet and have little communication with and no control over each other. A collateral warranty is: an agreement between a provider of goods, works or services (the warrantor) and a tenant, purchaser or funder

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