TLC Topic: Performance bonds

A photograph with a thick red firbe tip pen facing downward over a piece of paper marked CHECKLIST. There is a thick red tick in a box against performance bond.
Sarah Fox

#4: There’s no real benefit

This edition looks at another type of tiny little contract… the performance bond. Bonds are often used as a tick-box exercise without providing any real benefit to the parties. So, what’s my beef with them and what can you do about it? Read the full edition here Bad Timing, Limited

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