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(1) ABC Form C-7 August 2001 PAYMENT BOND SURETY S BOND NUMBER USE BLACK INK ONLY Numbers in margin correspond to Checklist, ABC Form B-7 (2) The PRINCIPAL (Name and address of Contractor, same as
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Performance bond_aug is a type of bond that guarantees the performance of a contractor or project. It serves as a financial security to protect the owner or client in case the contractor fails to complete the project or fulfill its obligations.
The performance bond_aug is typically required to be filed by contractors or vendors who are awarded a construction contract or project. It ensures that they will fulfill their contractual obligations and complete the project according to the agreed terms and conditions.
Filling out the performance bond_aug involves providing relevant information about the contractor or vendor, the project details, and the terms and conditions of the contract. This includes details such as the contractor's name, contact information, project description, contract value, and any specific requirements or conditions.
The purpose of performance bond_aug is to provide financial protection and assurance to the owner or client in case the contractor fails to complete the project or fulfill its contractual obligations. It helps to ensure that the project is completed as agreed and protects the owner from potential financial losses.
The performance bond_aug typically requires reporting information such as the contractor's name, contact details, project details, contract value, and any specific requirements or conditions. Additional information related to the contractor's financial stability and bonding capacity may also be required.
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