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VOORHEES TOWNSHIP COMMITTEE AGENDA FOR THE MEETING OF JANUARY 11, 2016, CAUCUS 7:30 PM REGULAR MEETING 8:00 PM FLAG SALUTE ROLL CALL SUNSHINE STATEMENT PUBLIC PORTION FOR RESOLUTIONS ONLY MOTION TO

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What is accepting a performance guaranty?

Accepting a performance guaranty is the act of agreeing to the terms and conditions outlined in a performance bond or guarantee.

Who is required to file accepting a performance guaranty?

Contractors, subcontractors, or any party involved in a construction project may be required to file accepting a performance guaranty.

How to fill out accepting a performance guaranty?

To fill out accepting a performance guaranty, one must provide information about the project, the guarantor, the bond amount, and agree to the terms and conditions specified in the bond document.

What is the purpose of accepting a performance guaranty?

The purpose of accepting a performance guaranty is to ensure that the project is completed according to the agreed-upon terms and conditions, and to provide financial security to the project owner.

What information must be reported on accepting a performance guaranty?

Information such as project details, bond amount, guarantor information, and terms and conditions must be reported on accepting a performance guaranty.

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