Performance Bond in a sentence
(1) The obligee can request a performance bond.
(2) The tenderers were required to submit a performance bond.
(3) The performance bond was a standard practice in the industry.
(4) The client's investment was protected by the performance bond.
(5) The performance bond is often required in government contracts.
(6) The client's satisfaction was guaranteed by the performance bond.
(7) The sales contract requires the buyer to provide a performance bond.
(8) The performance bond was a contractual obligation for the contractor.
(9) The seller's bank required a bank guarantee for the performance bond.
(10) The performance bond is typically a percentage of the contract value.
Performance Bond sentence
(11) The performance bond served as a safety net for both parties involved.
(12) The contractor's reputation was enhanced by having a performance bond.
(13) The performance bond was a legal requirement for this type of project.
(14) The performance bond was a safeguard against potential project delays.
(15) The performance bond is a financial security measure for both parties.
(16) The performance bond is a form of security for the client's investment.
(17) The contractor's performance bond was a crucial aspect of the agreement.
(18) The performance bond is a risk management tool for both parties involved.
(19) The performance bond is a common requirement in the construction industry.
(20) The client insisted on a performance bond to mitigate any potential risks.
Performance Bond make sentence
(21) The client felt more at ease knowing there was a performance bond in place.
(22) The client had the right to claim against the performance bond if necessary.
(23) The contractor's performance bond was valid for the duration of the project.
(24) The performance bond was a financial protection for the client's investment.
(25) The performance bond serves as a guarantee for the quality of work provided.
(26) The performance bond was a guarantee of the contractor's performance quality.
(27) The client had the option to increase the performance bond amount if desired.
(28) The client had the right to request proof of the performance bond's validity.
(29) The performance bond is a contractual obligation that guarantees performance.
(30) The performance bond was a condition for the contractor to secure the project.
Sentence of performance bond
(31) The contractor's performance bond was issued by a reputable insurance company.
(32) The performance bond is a legal requirement to protect the client's interests.
(33) The contractor provided a performance bond to ensure completion of the project.
(34) The client insisted on a performance bond to ensure the contractor's commitment.
(35) The performance bond ensures that the contractor will fulfill their obligations.
(36) The performance bond ensured that the contractor would fulfill their obligations.
(37) The client's confidence in the contractor was reinforced by the performance bond.
(38) The government demanded a performance bond in exchange for awarding the contract.
(39) The bank required a performance bond in exchange for approving the business loan.
(40) The performance bond guarantees that the supplier will deliver the goods on time.
Performance Bond meaningful sentence
(41) The performance bond provided peace of mind for the client throughout the project.
(42) The performance bond acts as a safeguard against any potential breach of contract.
(43) The contractor's performance bond was released upon successful project completion.
(44) The client requested a performance bond to protect their investment in the project.
(45) The performance bond was required by the client as a guarantee of satisfactory work.
(46) The performance bond was a requirement stated in the project's terms and conditions.
(47) The contractor provided a performance bond in exchange for the construction project.
(48) The company required a performance bond from the vendor before signing the contract.
(49) The performance bond is a legal agreement between the parties involved in a project.
(50) The contractor had to provide a performance bond to secure the construction project.
Performance Bond sentence examples
(51) The performance bond was a contractual obligation that the contractor had to fulfill.
(52) The contractor's financial stability was assessed before issuing the performance bond.
(53) The client can invoke the performance bond if the contractor's work is unsatisfactory.
(54) The contractor's performance bond was forfeited due to their failure to meet deadlines.
(55) The performance bond protects the client from financial loss in case of non-performance.
(56) The client can recover financial losses through the performance bond in case of default.
(57) The performance bond is a form of insurance against the contractor's failure to perform.
(58) The performance bond is a standard practice in the industry to ensure project completion.
(59) The performance bond ensures that the contractor will meet all the specified requirements.
(60) The performance bond protected the client from financial loss in case of contractor default.
Sentence with performance bond
(61) The client can make a claim against the performance bond if the contractor fails to deliver.
(62) The contractor's failure to provide a performance bond would have resulted in disqualification.
(63) The contractor's failure to provide a performance bond led to the termination of the agreement.
(64) The performance bond ensures that the contractor will adhere to the agreed-upon specifications.
(65) The client can demand compensation from the performance bond if the contractor breaches the contract.
(66) The buyer's bank required the seller to provide a performance bond along with the open letter of credit.
Performance Bond meaning
Performance bond is a term commonly used in the construction industry to refer to a type of surety bond that guarantees the completion of a project according to the agreed-upon terms and conditions. It serves as a form of protection for the project owner, ensuring that the contractor will fulfill their obligations and deliver the project as specified. When using the term "performance bond" in a sentence, it is important to provide context and clarity to convey its meaning effectively. Here are some tips on how to use this phrase in different contexts:
1. Construction Projects: - "The construction company was required to provide a performance bond before commencing work on the project." - "The performance bond ensured that the contractor would complete the building within the agreed-upon timeframe." - "The project owner was relieved to have a performance bond in place, as it provided financial security in case the contractor failed to meet their obligations."
2. Contractual Agreements: - "The contract included a clause stating that the contractor must furnish a performance bond to guarantee the satisfactory completion of the project." - "Before signing the agreement, the client requested a performance bond to mitigate any potential risks associated with the contractor's performance." - "The performance bond acted as a safeguard, assuring both parties that the project would be executed as per the agreed-upon terms."
3. Legal and Financial Matters: - "The court ruled in favor of the project owner, as the performance bond clearly stated the contractor's obligations and responsibilities." - "The bank required the contractor to provide a performance bond as collateral for the loan, ensuring that the funds would be used for the intended purpose." - "The performance bond played a crucial role in resolving the dispute, as it provided a mechanism for compensating the project owner for any losses incurred due to the contractor's non-performance."
4. Risk Management and Insurance: - "The project manager emphasized the importance of a performance bond as a risk management tool, reducing the potential financial impact of contractor default." - "The insurance company offered a performance bond as part of their comprehensive coverage, giving the policyholder peace of mind in case of project delays or non-compliance." - "The performance bond served as a guarantee, protecting the project owner from financial losses resulting from the contractor's failure to meet performance standards."
In conclusion, the term "performance bond" is a crucial concept in the construction industry and beyond. By using it in various contexts and providing clear explanations, you can effectively communicate its meaning and significance in different situations.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Performance Bond. They do not represent the opinions of TranslateEN.com.