The Performance Bond is a guarantee that the contractor will perform according to the project contract's terms and specifications.
Performance Bonds are provided by contractors to project owners after a contractor is awarded a bid (Performance Bonds are often preceded by Bid Bonds). The Performance Bond is a guarantee that the contractor will perform according to the project contract's terms and specifications. The amount of the bond will vary but in many cases it will equal the full contract amount.
Do you have questions about Performance Bond?
Contact an insurance specialist at Witkemper Insurance Group and Financial Services today to answer any questions about Performance Bond or for a free review and insurance quote for Performance Bond. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to find you the right coverage at competitive premiums for business, home, auto and more.
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Since 1984, Witkemper Insurance and Financial Services have been providing insurance and financial service solutions for over 40 national insurance and financial service companies across the United States.
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