Student information

[jgrumbre]

Ima student in a Constuction management class and Im trying tofind out what effects on a performance bond would an act of God ,like a tornado destroying a building, have on the performance bond and how wpuld it be handled
Thanks John

[bondman]

Ima student in a Constuction management class and Im trying tofind out what effects on a performance bond would an act of God ,like a tornado destroying a building, have on the performance bond and how wpuld it be handled
Thanks John

It would depend on the underlying contract and how Acts of God are covered. Any claim under the bond would have to relate to the agreed contract terms.