沪江词库精选performance bond insurance是什么意思、英语单词推荐 履约保证保险 保险人对契约一方因另一方不能履行契约所造成的经济损失,负赔偿责任的保险。 相似短语 performance bond insurance履约保证保险 保险人对契约一方因另一方不能履行契约所造成的经济损失,负赔偿责任的保险。
A performance bond is a financial guarantee to one party in a contract against the failure of the other party to meet its obligations. 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 de...
A performance bond is a type of surety bond given by an insurance company to ensure proper completion of (or the performance on) a project by a contractor. Contractors needing a performance bond typically work in construction or service industries like bus drivers and janitors. The project's ...
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance 相似短语 performance bond【经】 履约保证书 performance bond insurance履约保证保险 保险人对契约一方因另一方不能履行契约所造成的经济损失,负赔偿责任...
After 30 years of owning and operating businesses both nationally and internationally I rarely endorse or provide opinions regarding a company or individual. I am making an exception; Unique Surety & Insurance Services is a rare and select family owned company with the experience of a Fortune “50...
WHAT TYPE OF BOND DO YOU NEED? Let Us Help! WELCOME TO WHITE LION BONDING & INSURANCE SERVICES Call 949-258-9800 OUR EXPERTISE White Lion Bonding & Insurance Services has the experience and knowledge to provide the right surety bonds for your construction projects. As a full service broker...
The bond involves three key parties: the principal, the obligee (the party that requires the bond, often the project owner), and the surety (the institution that issues the bond, typically an insurance company). The surety ensures the obligee’s interests are safeguarded. ...
In construction contracts, a 'performance bond' is a bond taken out by the contractor, usually with a bank or insurance company (in return for payment of a premium), for the benefit of and at the request of the employer, in a stipulated maximum sum of liability and enforceable by the em...
1、银行保函(Bank Guarantee)履约保函(Performance Guarantee)履约担保(Performance Bond)2007年10月15日 星期一 09:32A performance bond is a surety bond issued by an insurance company to guarantee satisfactory completion of a project by a contractor. For example, a contractor may cause a performance ...
Performance Bonds and Contractor Insurance The biggest nightmare to any homeowner when building a home, is the bankruptcy of the contractor midway through the project! Especially in the case of larger projects, the owner should require the contractor to cause a performance bond to be issued in fav...