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  1. Phillies
    Phillies is offline Member
    Join Date
    Oct 2006
    Posts
    69

    Performance Bond Payment

    I understand that I have to pay a fee to get a performance bond. My question is this... when the job is finished, is there any refund of the fee?

    Thank you.
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    A surety bond is a form of credit. The fee is payment for the surety guarantee. Upon completion of the job, there are no funds returned, as that was the cost of the surety credit.
    Surety Bond Articles
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