Supardi, Azizan; Yaakob, Jamaluddin; Adnan, Hamimah - Volkswirtschaftliche Fakultät, … - 2009
In construction contracts, a 'performance bond' is a bond taken out by the contractor, usually with a bank or insurance … two types of performance bonds: Conditional bond or default bond; and Unconditional bond or on-demand bond. However, in … performance bond in a construction contract is a conditional or an unconditional guarantees is still one of the issues relating to …