Surety Bond Details
Cost: Depends on applic...
Performance Bonds | ||
---|---|---|
Category: | Contractor Surety Bonds | |
Obligee: | ** Mississippi ** Generic Obligee | |
Amount: | Varies | |
Duration: | Stated on Bond | |
Expiration: | As Entered On Application |
A performance bond guarantees performance of the terms of a contract.These bonds frequently incorporate payment bonds (labor and materials) and maintenance bonds. Bonding ultimately aims to protect the project owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions. A payment and performance bond can be purchased together at the same time at a discounted premium.
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