When Are Performance Bonds Required?

When Are Performance Bonds Required? Performance bonds are one of the most common types of surety bonds in the market, particularly for construction contracts. Whilst they aren’t always required, many employers choose to ask for performance bonds in their construction projects. Due to this, there are a number of scenarios when performance bonds are required.…

How Much Are Performance Bonds?

How Much Are Performance Bonds? If you’re thinking about purchasing performance bonds, there are several cost aspects that you need to know about. This article will help you to understand how the costs are made up, and other factors that may affect the price to contractors. While there is a standard percentage of a contract…