Ads
related to: what is performance bond- Find Bonds By State
Find the Bond You Need Or Call Our
Licensed Surety Experts For Help.
- Get Your Free Quote Today
Apply Online In Just Two Minutes
& Get Your Bond Quote Today.
- Get Expert Help
Live Agents Available Mon-Fri From
7 AM to 7 PM CST To Get You Bonded.
- Same-Day Bond Service
Most Bonds Processed In 24 Hours Or
Less With Digital or Fast Delivery.
- Find Bonds By State
Search results
Results From The WOW.Com Content Network
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. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
Performance bonds are used in a variety of industries to guarantee that a contract’s obligations are met. They are issued by banks, insurance companies and surety companies and are common in ...
Performance Bonds: The contractor's abandonment or other nonperformance of a government job may cause critical delays and added expense in the government procurement process. The bonding process helps weed out irresponsible contractors who may be unable to obtain bonds, and the bond itself will defray the government's cost of substitute ...
The bond penalty is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that, should the bidder be successful, the bidder will execute the contract and provide the required surety bonds.
Unlike stocks, bond prices are primarily influenced by interest rate fluctuations rather than company performance. A bond’s fixed interest payment remains constant throughout its term ...
Bonds that go above their issue price are called premium bonds, while those that fall below it are called discount bonds. Bond prices can fluctuate for a number of reasons, including:
Ad
related to: what is performance bond