👉 An assured project is a type of construction or development initiative that comes with a high degree of certainty regarding its financial viability, timeline, and scope. This assurance is typically provided by a third-party guarantor or lender who guarantees the project's success, covering risks such as cost overruns, delays, or failure to meet financial targets. Assured projects often involve significant investment and are typically large-scale, such as infrastructure developments, commercial buildings, or complex industrial projects. The guarantor's involvement ensures that stakeholders, including investors and lenders, have confidence in the project's completion and performance, reducing financial risk and potentially lowering funding costs.
