Well done – that is GREAT !
These developers cannot get away with not issuing Bank Guarantees. They are not above the law, and they are legally obliged to issue them.
And having a BG is your legal right.
Besides facing a hefty fine for not doing so, they can also face criminal charges over it, and even prison – as it is a criminal offence.
Unfortunately, too many lawyers on the CDS are totally impotent and won’t put pressure, and too many developers won’t issue BG’s without it.
Your case is a prime example of how to get results.
Good on yer !!