Examples of 'performance bond' in a sentence
Meaning of "performance bond"
a type of guarantee or financial protection required in certain contracts, where a party commits to fulfill their obligations and compensate for any losses or damages that may occur
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- A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.
How to use "performance bond" in a sentence
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performance bond
A performance bond or viewing fees are sometimes required.
He had already commented on the performance bond.
Nothing like a performance bond waiting at the ready.
Recommendation for loss of interest on performance bond.
A performance bond guarantees completion of the construction contract.
Not to be confused with a performance bond.
The supply of the performance bond was an exempt financial service.
The obvious answer is a performance bond.
But a performance bond can provide the security needed.
Costs of prolongation of performance bond.
A performance bond is a guarantee for the satisfactory completion of a project.
Contract extension without modifying the value of performance bond.
Failure to obtain a performance bond commensurate with the contract price.
A seller of a commodity may ask a buyer to provide a performance bond.
A performance bond provides complete protection from the first dollar of loss.
See also
This is a type of performance bond.
A performance bond will be required to ensure that guests are respectful of the neighbourhood.
In futures trading refers to a required performance bond tendered by a party to a futures contract.
The increase does not necessarily require an increase in the value of a performance bond.
The performance bond was to be released upon the issue of the final acceptance certificate.
The need to increase the value of the performance bond was not considered.
Examples include transactions in which the name of the institution features on a performance bond.
A private operator could also require a performance bond from the final contractor.
Such compensation is defined as the amount covered under the performance bond.
The value of a performance bond is known only when a vendor is successful for a specific tender.
This debt would have to take second place to this performance bond.
It then exercised a performance bond with Zurich Insurance to arrange for the completion of construction.
What the bid bond does is guarantee the payment of the performance bond.
Performance bond MINUSTAH recognizes and fully supports the requirement of a performance bond when practicable.
This can be a letter of credit or a Performance bond.
The first method of performance bond claim settlement is to " remedy the default ".
The Panel recommends no compensation for loss of interest on performance bond.
Ii Unrecovered performance bond.
However, there had been no corresponding increase in the value of the performance bond.
A performance bond ensures that all of the contract 's provisions are carried out correctly.
All PSO airlines should be required to enter into a performance bond.
For example in construction a performance bond may secure the satisfactory performance of non-financial obligations.
The Group grants the client a corresponding performance bond see below.
A job requiring a payment and performance bond will usually require a bid bond, to bid the job.
MINUSTAH recognizes and fully supports the requirement of a performance bond when practicable.
Performance bond for … % of the contract price.
Correspondence from Kharafi indicating the release of the performance bond has also been submitted.
The Panel recommends no compensation for loss of profits . B. Loss of interest on performance bond.
However, it is agreed that the term of a performance bond needs to be extended.
The Panel recommends no compensation for loss of tangible property . C. Lost performance bond.
For example, under a standard form of performance bond used by the Surety Association of Canada,.
For example, a client issues a contractor a performance bond.
Furthermore, the tenant needs a performance bond in order to accept such increases24.
Performance guarantees may take the form of a monetary performance guarantee or a performance bond paragraph 11.
Did not pay an immigration loan, a performance bond and/or family support payments;.
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