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Payment bond

A payment bond is a surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid. They are required in contracts over $35,000 with the Federal Government and must be 100% of the contract value. They are often required in conjunction with performance bonds.

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Map overview Semantic statistics

Payment bond

Nodes5
Edges4
Triples1
Avg. degree1.6
Density0.4
Components1

How this topic connects Entity context

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Payment bond

Top relations

is a · 1
Payment bond → surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid

Important terminology Word statistics

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Important terminology

required subcontractors payment bond surety posted contractor guarantee material suppliers project paid contracts 35 000 federal government must 100 contract

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Payment bondis asurety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid0.90text

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