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Thread: Payment Bond

  1. h2o
    h2o is offline Senior Member
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    Sep 2008
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    Payment Bond

    What is the difference between a performance bond and a payment bond?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
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    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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