Home » Performance Bonds

Performance Bonds


A Performance Bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects. The Miller Act instituted the requirement of placing performance bonds. For more information visit https://www.jrolsenbonds.com/