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A Contract Surety Bond that guarantees that a Principal will fulfill a contract according to the contract terms and at the contract price. A Performance Bond is a three party guarantee between a Principal (the party responsible for completing the contract), an Obligee (the party receiving the guarantee), and the Surety (the bond company guaranteeing the Principal’s performance). More can be read about Performance Bonds here.

Vice President at Axcess Surety
Vice President of Axcess Surety. Surety Bond and financial expert dedicated to helping contractors, businesses and individuals understand and obtain surety bond credit.
Josh Carson, AFSB
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