Performance Bond is a legal document that was released by the West Virginia Department of Environmental Protection - a government authority operating within West Virginia.
Q: What is a performance bond?
A: A performance bond is a type of surety bond that guarantees the completion of a project according to the terms of a contract.
Q: Why is a performance bond required?
A: A performance bond is often required by project owners to provide financial protection in case a contractor fails to perform their obligations or complete a project as agreed.
Q: Who typically obtains a performance bond in West Virginia?
A: In West Virginia, it is typically the responsibility of the contractor to obtain a performance bond.
Q: How much does a performance bond cost in West Virginia?
A: The cost of a performance bond in West Virginia varies depending on factors such as the size and complexity of the project, the contractor's financial strength, and the bond amount required.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the West Virginia Department of Environmental Protection.