Category: Finance

How Does A Performance Bond Help You With A Performance Guarantee?


Contractors will need to find a surety company or someone who will underwrite them and provide the guarantee to the project owner. For more information, you may go to How It Helps With A Performance Guarantee Contractors that have a performance bond will have an advantage with a performance guarantee. This is because the surety company will do a thorough job checking out the capacity of the contractor to finish the project, including their financial stability.