Public WorksQuestion 127 of 1605
On a public works project, the bond that guarantees the project will be completed according to the contract is the:
a.Payment bond
b.Performance bond
c.License bond
d.Bid bond
Explanation
A performance bond guarantees the project will be finished according to the contract. It is separate from the payment bond, which guarantees that workers and suppliers are paid.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)