Legal Question in Construction Law in Louisiana
Performance Bonds
What are the pros and cons of a performance bond in the engineering industry?
Asked on 3/21/07, 12:07 pm
1 Answer from Attorneys
Johm Smith
tom's
Re: Performance Bonds
The answer depends on who you are. Bonds are security for performance of obligations but they cost money and that cost has to be allocated, usually eventually to the party that benefits most...the client.
Answered on 3/21/07, 12:11 pm
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