Ann: Further Details behind trading halt request , page-5

re: Ann: Further Details behind trading halt ... Correct me if i am wrong but the performance bank guarantee is issued by the seller (Hastie group joint venture) through the banks to provide concrete commitment to the the buyer.(The builder DBB)
It is put in place to ensure timely execution of an agreement to provide goods and services to in this case the builder.

It is obvious to me that due to underpayments the joint venture has stopped providing these goods and services to the builder and now the builder is threatening to call these bank guarantees which is normally about 10% of the total project cost and is in this case about $6.2 million dollars.

Hopefully common sense and the rule of law prevails here.
Non payment = no goods and services.