A Complete Guide to the Benefits of Performance Bonds

Performance Bonds are important in various construction projects to ensure that the work is completed to an acceptable standard. However, there are several other benefits to each party involved that are also important to factor in when discussing this type of Bond. This blog will discuss the benefits of Performance Bonds, including their impact on…

What are Bid Bonds and Performance Bonds?

There are several differences between Performance Bonds and Bid Bonds, which make them suitable for different projects. Bid bonds provide assurance that a winning contractor will sign the contract and provide a performance bond, while performance bonds guarantee that a contractor will fulfill the terms of the contract and complete the project according to specifications. …