View Single Post
  #2 (permalink)  
Old 10-24-2008, 02:30 PM
Admin Admin is offline
Administrator
 
Join Date: Jan 2005
Posts: 719
Default

It doesn't sound to me like it was a performance bond. I would venture to guess it was a contractor license bond, a type of license and permit bond.

A performance bond will guarantee a contract, while a license and permit bond is required by local and state governments to guarantee the contractor operates per the terms of the rules of the license.


I can't say for certain whether either bond covers what you are looking to place a claim on, as more details are needed as to the bond type, the bond language, etc.
__________________
Surety Bond Articles
Reply With Quote