(913) 214-8344 [email protected]
« Back to Glossary Index

What is a Performance Bond? A performance bond protects the Obligee against the non-performance of the Obligor. If the Obligor (the contractor) does not perform according to the terms of the contractual agreement, or otherwise defaults on the terms of the contract, then the surety (the guarantor) will make sure that the Obligee is either paid damages (rare) or finds a third party to complete the contract.

Get more information at Swiftbonds.

« Back to Glossary Index
x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By