When discussing the guarantees in the joint projects, the focus shall be on the guarantees provided to the private partner and the project creditors being the joint project funders. On the other hand, the public sector may be in need of a performance guarantee because the project company establishment keeps the private partner winning the project due to its experience away from any risks. Accordingly, the private partner losses, in case of project failure, shall be limited to the extent it has obligated when establishing the project company. The public sector may request, in some cases, the private partner to assume all or part of the project company obligations set out in the PPP contract.