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Performance guarantee in construction contracts is a contractual obligation that requires the contractor to ensure that their work meets specific standards or specifications. It is meant to ensure that the work provided by the contractor is of an acceptable quality, and if it is not then they are liRead more
Performance guarantee in construction contracts is a contractual obligation that requires the contractor to ensure that their work meets specific standards or specifications.
It is meant to ensure that the work provided by the contractor is of an acceptable quality, and if it is not then they are liable for any consequential losses.
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