The benefits for a client using bonds in a project include financial protection, reduced risk, enhanced credibility and peace of mind.
22 January 2023 Read more
The benefits for a client using bonds in a project include financial protection, reduced risk, enhanced credibility and peace of mind.
A payment bond is a type of bond that guarantees that a contractor will pay all subcontractors, suppliers, and workers for their work on a project.
One common option is a performance bond so that money can be claimed from a guarantor bank at short notice, often simply on-demand.
Bonds in construction provide security by guaranteeing that a contractor will complete a project according to the terms and conditions outlined in the contract