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FORM OF PERFORMANCE BOND To:Arab Potash Company Limited. P.O. Box 1470 Amman 11118 JordanWhereas (Name and address of Supplier). (Hereinafter called the Supplier) has undertaken, in pursuance of Bid
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How to fill out form of performance bond

01
Read the instructions carefully before filling out the form.
02
Provide all the necessary information requested in the form.
03
Include the name of the principle and the obligee in the designated fields.
04
Specify the bond amount and the effective date of the bond.
05
Attach any required documents or supporting materials as specified.
06
Double-check all the information provided to ensure accuracy.
07
Sign and date the form where indicated.
08
Submit the completed form to the relevant authority or party that requires the performance bond.

Who needs form of performance bond?

01
Contractors, subcontractors, or construction companies involved in projects requiring performance bonds.
02
Government agencies or public entities that require performance bonds from contractors.
03
Private companies or individuals who want assurance that a contractor will fulfill their contractual obligations.
04
Owners or investors in construction projects who want protection against financial loss due to the contractor's non-performance.
05
Banks or financial institutions that issue performance bonds for their clients as a form of risk management.
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The form of performance bond is a legal document that guarantees the completion of a project or contract by a contractor.
Contractors or vendors who are awarded a contract or project may be required to file a form of performance bond.
The form of performance bond typically requires the contractor to provide information such as company name, project details, and financial information.
The purpose of the form of performance bond is to protect the project owner or client in case the contractor fails to complete the project.
Information such as contractor's name, project details, contract amount, and terms of the bond may need to be reported on the form of performance bond.
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