Payment And Performance Bond

State:
Arkansas
Control #:
AR-LR119T
Format:
Word; 
Rich Text
Instant download

Description Performance Bond Vs Payment Bond

A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. A Payment Bond payable to proper claimants such amounts subject to the terms of Performance Bond and Payment Bond Agreement.
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Payment And Performance Bond