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  2. Performance bond - Wikipedia

    en.wikipedia.org/wiki/Performance_bond

    A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .

  3. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    For example, in construction a performance bond may secure the satisfactory performance of non-financial obligations. The different types of security interest which can arise and the rights which they confer will vary from country to country .

  4. Little Miller Act - Wikipedia

    en.wikipedia.org/wiki/Little_Miller_Act

    Construction in East Village, San Diego. A "Little Miller Act" is a U.S. state statute, based upon the federal Miller Act, that requires prime contractors on state construction projects to post bonds guaranteeing the performance of their contractual duties and/or the payment of their subcontractors and material suppliers.

  5. What Is a Performance Bond? – An Investment Guide - AOL

    www.aol.com/news/performance-bond-investment...

    Performance bonds are used in a variety of industries to guarantee that a contract’s obligations are met. They are issued by banks, insurance companies and surety companies and are common in ...

  6. Retainage - Wikipedia

    en.wikipedia.org/wiki/Retainage

    A retention bond is a form of performance bond or insurance against defects, taken out by the contractor at the request of the client, or by a subcontractor at the request of the contractor, seen as being fairer and more efficient than a cash retention. [19]

  7. What projects will be included in the JPS hospital bond ... - AOL

    www.aol.com/projects-included-jps-hospital-bond...

    The bond package presented to voters included “a new mental health and behavioral health hospital, a new main hospital tower,” as well as “a new cancer center, four new regional health ...

  8. Miller Act - Wikipedia

    en.wikipedia.org/wiki/Miller_Act

    Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.

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