Performance Bond
The Contractor provides a performance bond for the amount stated in the Contract Data.
The bond protects the Employer if the Contractor fails to perform. It is provided before the contract starts.
The bond must be from an approved institution. Check the bond wording carefully — on-demand bonds are more onerous.
📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.
Purchase Official NEC4 →⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.