Bank guarantee performance bond or insurance company guarantee? - performance bond insurance
Performance bond or bank guarantee from an insurance company - which is best for the customers of major construction projects this? Advantages and disadvantages in relation to the customer.
Convention is used by most public sector organizations / customers
Wednesday, January 13, 2010
Performance Bond Insurance Bank Guarantee Performance Bond Or Insurance Company Guarantee?
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2 comments:
They are talking about 2 different things. A performance bond guarantees the contractor to do the job. Insurance protects individuals in cases of negligence by the contractor. The contracting authority by the contractor has both.
They are talking about 2 different things. A performance bond guarantees the contractor to do the job. Insurance protects individuals in cases of negligence by the contractor. The contracting authority by the contractor has both.
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