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Performance BondUnderwriting Australia Pty Ltd (ABN 50 087 225 661) (ADSL 322536) Suite C108, 48 Atchison Street St Leonard's NSW 2065Corporate Questionnaire Facility Application PO Box 298 St Leonard's
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How to fill out performance bond - contract

01
Gather all the necessary documentation and information related to the performance bond and the contract.
02
Review the terms and conditions of the contract to understand the requirements for the performance bond.
03
Contact a surety bond company or an insurance provider to obtain a performance bond.
04
Provide the necessary financial and business information to the surety bond company for underwriting purposes.
05
Pay the required premium for the performance bond.
06
Read through the performance bond agreement carefully to ensure you understand all the terms and obligations.
07
Sign the performance bond agreement.
08
Submit the performance bond to the contract owner or the appropriate party as specified in the contract.
09
Keep a copy of the performance bond for your records.
10
Make sure to fulfill all the obligations and requirements mentioned in the performance bond during the contract period.

Who needs performance bond - contract?

01
Performance bonds are typically required in construction projects or government contracts.
02
Contractors, subcontractors, and suppliers involved in these projects often need to obtain a performance bond.
03
The contract owner or the party hiring the contractor may request a performance bond as a form of protection.
04
Other industries where contracts involve significant financial risks or obligations may also require performance bonds.
05
It is recommended to consult with legal and financial professionals to determine if a performance bond is necessary for a specific contract.
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