UnidentifiedQUESTION $48$ConstructCo Ltd$,$ a ick based construction fem in awarded a contract to build a large commercial complex in Dubai for Gulf Developments LLC$.$ As part of the contrars Constructice is required to provide a performance bond issued by SafeSure Insurance Co$,$ covering $10\%$ of the contract value. The bond guarantees that Constructio will complete the project according to the agreed specifications and timeline. Midway through the project, ConstructCo faces financial officulties and detays in obtaining necessary materials, resulting in significant delays in the project timeline. Gulf Developments LLC issues a notice of default to Construits and calls on the performance bond, demanding payment from SafeSure Insurance Co$.$ to cover the additional costs of hiring a replacement contractor to complete the project. Safefiurs Insurance Ca denies the claim, arguing that the delays were caused by factors outside ConstructCo's control, such as supplier issues and regulatory delays, and therefore do not constitute a breach of the performance bond conditions. Assess the legal grounds for Gulf Developments LLC$\text{'}$s claim on the performance bond and determine the likelihood of success in recovering the bond amount from SafeSure Insurance Co$.$Gulf Developments LLC is entitled to the full bond amount because ConstructCo's delays constitute a breach of the performance bond conditions, regardless of the external factorsSafeSure Insurance Co$.$ is correct in denying the claim because the delays were caused by external factors, and ConstructCo did not breach the performance bond conditionsGulf Developments LLC can recover a portion of the bond amount, reflecting the additional costs incurred due to the delays, even if they were caused by external factors.SafeSure Insurance Co$.$ must pay the bond amount because the performance bond guarantees project completion, and any failure to meet the timeline triggers the bond, regardless of the cause.