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Insurance & Bonds

Financial protections including professional indemnity, public liability, and contractor's all risks insurance,,. Covers securities like performance bonds, bid bonds, and parent company guarantees,,.

All Risks Insurance

Insurance providing cover against physical loss or damage to work executed and site materials, excluding specific excepted risks.

Definition

Bid Bond

A guarantee provided by a contractor to assure the client they will enter into the contract if selected.

Definition

Performance Bond

A financial guarantee provided by a surety to indemnify the employer against the contractor's failure to perform the contract.

Definition
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