When To Use
Use A312™ (Performance Bond) when the owner requires a surety to guarantee the contractor's completion of the project under the contract, up to the full bond amount.
What It Does
A312 (Performance Bond) protects owners against contractor default by obligating the surety to complete the work or compensate the owner for losses, providing financial security through construction completion. The bond also obligates the surety to act responsively to the owner's requests for discussions aimed at anticipating or preventing a contractor's default.
