Financial guarantees to protect the administration from contract implementation defects in arab legislation

Public works contracts occupy a prominent place in the scope of administrative contracts, as they play an effective role in advancing the national economy of Arab countries and completing projects with high quality and at the lowest possible cost. The public needs huge funds that enter the state’s general budget. There had to be guarantees to ensure its proper implementation, and financial guarantees constituted the most important mechanisms introduced by Arab legislation, which protect the administration from the risks that it may incur as a result of poor implementation of the works, and provide a wide degree ofprotection, for public money.