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  1. 485
    485 is offline Junior Member
    Join Date
    May 2008
    Posts
    1

    performance bond

    a small city in the state where I work is asking for landscape contractors and escavators to have a performance bond in effect for a 24 month period in order to do buisness within the city limits for private home owners. I've never heard of this before and it seems strange to me because usually I thought a performance bond was for a specific job and a comercial job or a very large job. have you ever heard of this?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    It sounds to me like the city is confused on what they are requiring. As you said, a performance bond is for a specific contract.

    What they want to require is a contractor's license bond. Feel free to refer the, to our forums if they have any questions.


    You'd be surprised how often bond requirements are incorrectly setup.
    Surety Bond Articles
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