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Category Archives: Construction

Is A Performance Bond A Guarantee?

Posted on April 12, 2018 by admin

There is a specific amount of money, a bond, that is used to guarantee that they will accomplish the work for the price they bet on in the first place. The term performance bond might be misleading because it is actually a performance guarantee, which is then attributed to the non-performance of the contract it is linked with.

Filed Under: Construction | Tagged: Performance Bond

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