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Old 11-05-2008, 10:59 AM
h2o h2o is offline
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Default Payment Bond
What is the difference between a performance bond and a payment bond?
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Old 11-09-2008, 05:42 PM
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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.
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