Description

BOND TO SECURE THE PERFORMANCE OF A CONTRACT TO CONSTRUCT BUILDING

This is a "Readymade Format for Agreement BOND TO SECURE THE PERFORMANCE OF A CONTRACT TO CONSTRUCT BUILDING".

Legally required caluses are already in agreement Format in addition to, if is required, then you can add or remove the conditions.

An Agreement Bond, also known as a Performance Bond, is a type of surety bond that guarantees the completion of a construction project, such as a building, as outlined in the contract. It protects the owner of the project from financial loss in the event that the contractor fails to complete the work as agreed upon.  The contractor is required to provide the bond as a condition of the contract.

Surety Bond, Contractor Bond, Construction Bond, Performance Guarantee, Building Completion Bond, Financial Security, Insurance Company Bond, Bank Bond, Contract Bond, Agreement Bond, Building Construction Contract Bond.