Introduction The ABI Model Form of Guarantee Bond was first published in 1995 and was updated (in 2002) to incorporate reference to the Contracts (Rights of Third Parties) Act 1999. A copy is available here: ABI Model Form of Guarantee Bond The ABI explanatory guide states the ABI Model Form was published: 'following a lengthy period of consultation with government and local authority advisors, commercial users, construction and engineering industry bodies, major construction companies and insurers, to respond to the criticisms of archaic bond wordings made by the House of Lords in the case of Trafalgar House…' The explanatory guide also provides more detail of the aims of the Model Form, together with commentary on the text. In short, the aim was to provide a short form conditional bond wording, in clear, modern language that is intended to strike a fair balance between safeguarding the respective interests of the employer and the contractor. The hope and intention was that the ABI Model Form might become an industry standard model form of conditional performance