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Performance Bonds are issued by Insurance Companies to reassure Employers that the Contactor will ‘Perform’ in accordance with the Building Contract.
Retention bonds enable you to keep 5% retention monies normally held by your Employer.
An Advance Payment Bond may be required by your Employer if you have asked for an advance payment under the Contract in respect of any goods that are required to be pre-ordered.
A Bond guaranteeing that you will complete the road, footpath, street lighting or sewer system to a standard which the relevant authority can adopt.
Employers often ask for Performance Bonds so that they will receive compensation in thes...
Retention bonds enable you to keep 5% retention monies normally held by your Employer...
An Advance Payment Bond may be required by your Employer if you have asked for...
If your works are in relation to a building development that involves the...
