TMD Surety Bonds Blog: performance bond
View the latest blog posts from TMD Surety Bonds.
Thursday, May 21, 2020Surety bonds are useful but confusing, as there are many different types that each serve a different purpose. Some surety bonds may be required, but this depends both on the type of bond and the parties involved. READ MORE >>
Monday, April 20, 2020Performance bonds are typically required for contractors in order to complete a job. A client may hire a contractor for a construction project with the requirement that the contractors enter a performance bond. But what happens when a party violates that bond? First, it’s important to understand the many facets of a performance bond. READ MORE >>
Monday, April 20, 2020A big similarity between bid bonds and performance bonds are that both frequently apply to construction projects. They also both protect another party in case the job is not finished. Despite their similarities, however, these bonds are not the same. READ MORE >>
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