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4 weeks ago · by · 0 comments

Do you need a Performance Bond? We can help, call us at 817-861-1200.

What is a Performance Bond?

According to Wikipedia a performance bond, or contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.

Performance Bonds are guarantees to a project owner, that the contractor will complete its job according to the terms and conditions of the contract. The basic function of a performance bond is to provide financial protection to the project owner in the event of default on the part of the contractor.

Performance bonds are generally issued as part of a ‘Performance and Payment Bond’, where a payment bond guarantees that the contractor will pay the labor and material costs they are obliged to.

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Company information

Texas Commercial Liability Services
John Wycoff

615 E Abram St Suite C
Arlington, TX 76010

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E-mail address:
insuranceman76002@yahoo.com

817-861-1200

Available 8:00am - 4:00pm M-F

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