Performance bond
A performance bond guarantees that a contractor, regardless of the business he or she is in, can always fulfil his or her commitment to the purchaser. A performance bond can compensate the purchaser for extra costs he or she may have incurred as a result of incomplete or non-delivery.
Nordic Guarantee offers the construction and civil engineering industry a complete set of guarantees in connection with the Norwegian Residential Construction Act and Standards Norway (see Combined performance-maintenance bond in connection with the Residential Construction Act and Combined performance-maintenance bond in connection with Standards Norway)
