performance bonds

performance bond - What Is A Performance Bond, Its Purposes, And Implications? - cozy room

What Is A Performance Bond, Its Purposes, And Implications?

What is a performance bond, its purposes, and implications? As a guarantee against the issuing party’s failure to fulfill their contractual responsibilities or to deliver on the level of performance stipulated in the agreement, one party to a contract will issue a performance bond. A financial institution, like a bank or an insurance company, generally

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