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Performance Bonds

Dirbull.org Website:
Address: 7407 Topanga Canyon Blvd, Canoga Park, Los Angeles, California, United States 91303
Phone: +1 800-452-7121
Category: business-services

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/