Performance Bonds

Performance bonds are designed to guarantee the contractor’s (or subcontractor, if applicable) contract in the event of a contractual default by that contractor. ¬†When a performance bond is issued, it is important for the obligee (party that the performance bond is designed to benefit) to properly preserve its rights under the bond.

Please check out this article for more information on performance bonds.

Please contact David Adelstein at dadelstein@gmail.com or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1.