Onerous default penalties, high performance expectations and financial hurdles often come in the way of performance guarantees. Such guarantees may range from, for example, a guarantee from a mining equipment supplier relating to the uptime of a newly installed gold wash plant to a guarantee from an equipment fabricator operating in the marine industry, regarding the lifting capacity of a newly fabricated and installed crane rig for a marine cargo vessel. Clearly, this is a vast and complex environment – but one that Formulate navigates with agility, thanks to our experience across various industries, sectors and countries.