a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
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performance bond::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | surety bond |
| Type of | bond, bond certificate |
Examples of performance bond
performance bond
Get a payment or performance bond that acts as an insurance policy.
From the jsonline.com
Codell did not acquire the performance bond until Jan. 8, 2009.
From the kentucky.com
The pay and performance bond was not acquired until Jan. 8, 2009.
From the kentucky.com
The city's letter said it also would seek performance bond money to make up for repairs and defects.
From the stltoday.com
Caltrans ended up calling out a performance bond to get the work done, spokesman Ed Cartagena said.
From the signonsandiego.com
PennDOT restored the road using DeBartolo's performance bond.
From the post-gazette.com
A 100 percent performance bond protects the owner, in this case the county, if a construction manager defaults.
From the kentucky.com
Geisen said the construction manager's fee is formulated to include the cost of buying a 100 percent performance bond.
From the kentucky.com
Trace Creek Construction is the only firm that has posted a 100 percent performance bond since Geisen's opinion.
From the kentucky.com
