This is required by the project owners after a project has been awarded to a contractor. In the event that the contract is not fulfilled, the insurance company can be called upon to pay the bond. This type of bond is usually 5% to 20% of the contract value.
Besides issuing Construction Performance Bond on behalf of contractors, we also provide other types of Performance Bond such as:
- Undertaking Bond
- Licence Bond
- Rental Bond
- Credit Bond
- Supply Bond
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