This bond guarantees work will be done according to specifications,in the time specified,and if another supplier does rework or completes the order,purchasing is indemnified for these extra costs.
A)bid bond.
B)performance bond.
C)lien bond.
D)payment bond.
E)surety bond.

Question

Quizplus · Accepted Answer

This bond is a performance bond, which guarantees that the work will be done according to specified terms and timeframes. Additionally, it also indemnifies the purchasing company for any extra costs incurred due to rework or completing the order through another supplier.

This Bond Guarantees Work Will Be Done According to Specifications,in