Performance BondDiscover information about Performance Bonds here.
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Performance Bondsprotect a client. A job requiring a payment and performance bond will usually require a bid bond, to bid the job. When the job is awarded to the winning bid, a payment and performance bond will then be required as a security to the job completion. For example, a contractor may cause a performance bond to be issued in favor of a client for whom the contractor is constructing a building. If the contractor fails to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary loss up to the amount of the performance bond
Depending upon credit
Performancebonds range from 1% to 10%
($125 minimum bond fee applies).
Performance Bonds generally do not renew as they are in place for a specific contract. However, some projects span more than a year. If this is the case, the bond will renew.
Now that you've discovered the Performance Bond, the process is very simple. You can apply right online here. Once we receive your info we begin shopping your bond. Once placed we eMail you the results. You decide how you'd like your bond shipped and we'll invoice you.