PERFORMANCE BOND

PERFORMANCE BOND

These are bonds that guarantee proper and timely execution of a contract by the Contractor.  The guarantor/Surety (GLICO General) promises the client that the Contractor shall perform the contract in accordance with stated specifications and within set periods.  The guarantor (GLICO General) pays a stated sum if the contractor fails to execute the contract and […]

These are bonds that guarantee proper and timely execution of a contract by the Contractor.  The guarantor/Surety (GLICO General) promises the client that the Contractor shall perform the contract in accordance with stated specifications and within set periods.  The guarantor (GLICO General) pays a stated sum if the contractor fails to execute the contract and within the agreed period.

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