Performance Bond

Performance Bond

A Performance Bond is to ensure that contractors faithfully carry out the terms & conditions of a written contract. The amount of the bond will be recovered by the principal should the contractor fail to perform in accordance with the terms of the contract.

Bond business normally secured together with other project insurances such as Contractor’s All Risks or Erection All Risk Insurance, Public Liability Insurance and Workmen’s Compensation Insurance. In accordance with PIAM Guidelines, in addition to counter indemnities, the Contractor is also required to provide cash collateral security to the Surety.

Download Video Cara Buat Duit Dengan Insuran PERCUMA
I agree to have my personal information transfered to AWeber ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.

Leave a Comment

Your email address will not be published. Required fields are marked *

Call Now ButtonCall Saya
× Whatsapp Saya