performance bond

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Related to Contract Bonds: performance bond
  • noun

Synonyms for performance bond

a bond given to protect the recipient against loss in case the terms of a contract are not filled

Synonyms

References in periodicals archive ?
All of the topics are aimed at increasing the knowledge and understanding of contract bond underwriting.
The typical types of contract bonds are bid, performance, and payment.
While the top-50 writers of surety in 2005 generated contract bond premiums totaling $2.
The website also highlights a blog center called Surety Insider that hosts blog articles on surety topics such as 7 Red Flags for Contract Bonds & Strategic Approach Fixes and 8 Tips to Increase Your Agency's Surety Bond Business.
In any case, the company is running out of financial backing -the so-called contract bonds -that is crucial for it to bid for new business and the state is under pressure from Alstom's banks to come up with a more radical solution for the firm.
The division is mainly focusing on writing contract bonds for construction companies seeking to guarantee that a project will be completed.
The 'AA-' rating is based on the credit quality of the state of New York (GO bonds rated 'AA' with a Positive Outlook by Fitch), as the service contract bonds are secured by annual legislative appropriations from the general fund, pursuant to a service contract.
July 7, 2014 /PRNewswire-iReach/ -- Old Republic Surety Company (ORSC) announced today that it will open a new branch office in Richmond, Virginia to support the growing need for contract bonds in the region.
Alstom's banks want the state to come up with another solution as contract bonds needed to win new business are running out.
The 2011 series A and B state contract bonds are being issued pursuant to the 20th supplemental resolutions to the 1992 state contract bond resolution.
The Bid Bonds will be returned promptly upon the approved execution of the Contract and Contract Bonds.
41 billion) in contract bonds -the financial backing it needed to bid for new orders.
Through independent agents and professional surety producers, SureTec specializes in underwriting small-to-midsize contract bonds and commercial surety.
The UKEF scheme is focused towards UK SMEs to aid them in winning transformational contracts abroad involving contract bonds.
CSIA offers other services in addition to contractor's license bonds, including contract bonds (performance, bid and payment bonds) and general liability, workman's compensation and commercial automobile insurance through Skyles Insurance Agency.