Thread: Payment Bond
View Single Post
  #2 (permalink)  
Old 11-09-2008, 05:42 PM
Surety Queen Surety Queen is offline
Surety Professional
  
Join Date: Oct 2007
Posts: 558
Default Performance & Payment Bonds
Quote:
Originally Posted by h2o
What is the difference between a performance bond and a payment bond?
The performance bond guarantees just that - performance.

The payment bond guarantees that the contractor will pay their supplier and sub contractors.
Reply With Quote