Performance Bond For A Construction Project | Futures Margin Performance Bond
 

Definition of "Performance bond"

John Parker real estate agent
John Parker, Real Estate Agent Coldwell Banker Residential Brokerage

Performance Bond For A Construction Project | Futures Margin Performance Bond

A bond, also known as a completion bond, given by a contractor and issued by an insurance company to guarantee the completion of contracted work. Public authorities often require a performance bond prior to granting a contract for work to be completed.

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