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Originally Posted by Numbers I got a release for my performance bond and now need a maintenance bond. Are maintenance bond rates similiar to performance bonds? |
No, not at all. Maintenance Bond rates are generally much lower than performance bonds. Also, be advised that if a performance bond was issued for a project and a one year maintenance bond is required at it's completion, there may not be any charge for it as it's included in the price of the original bond. If a two year maintenance bond is needed, there would be a nominal charge.
02-11-2008, 03:22 PM
Release to maintenance 
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