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Performance Bond

Performance Bond

A guarantee from the contractor that they will complete the project in accordance with all terms of an agreed upon contract.

Contract bonds are underwritten on a project by project basis. The exact cost of your bond will be based off several factors:

  • Required bond amount
  • Approved Contract Terms
  • Contractor’s (the principal) experience & work history
  • Contractor’s credit score
  • Contractor’s financial statements (if requested)
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