Insurance & LiensQuestion 1541 of 1632
Which of the following parties is typically the OBLIGEE on a contractor's performance bond for a private project?
a.The subcontractor
b.The material supplier
c.The surety company
d.The project owner
Explanation
On a performance bond, the obligee is the party protected by the guarantee of completion — typically the project owner. The contractor is the principal and the bonding company is the surety. Subs and suppliers are protected instead by the payment bond.
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PrepPass team · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)