Labor and material bonds
Esquema
Jerarquía
Visual and Verbal Communication (Hierarchy Name) > Information Forms (Hierarchy Name) > information forms > document genres > <document genres by function> > records (documents) > <records by form or function> > legal documents > legal instruments > bonds (legal records)
Descripción
Guarantees provided by a bonding or surety agency to the principle shareholder of a construction project on behalf of a contractor. These bonds cover payment for equipment, labor, goods and services in the event that the contractor fails to pay for them under the terms of a contract.
URI original del concepto
Otros términos
- labor and material bond [en]
- labor and material bond [nl]
- bonds, labor and material [en]
- labor and material payment bonds [en]