A Performance Bond guarantees that a contractor will perform the contractual obligations as agreed. If the contractor fails to perform, the client is compensated up to the bond amount. It builds trust between contractors and employers while reducing risk of loss.
Why choose a performance bond?
- Provides assurance to the project owner
- Covers financial loss in case of non-performance
- Strengthens credibility for contractors
- Helps businesses secure tenders and contracts
Want to know more about Performance Bond?
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