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    Purchasing and Supply Chain Management Study Set 1
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    Exam 5: Contract Management for Complex Projects
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    Which of the Following Best Explains 'Performance Bond
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Which of the Following Best Explains 'Performance Bond

Question 2

Question 2

Multiple Choice

Which of the following best explains 'performance bond'? 


A)  Written guarantee from a third-party guarantor. 
B)  Guarantee issued by the bank of the supplier. 
C)  Holding company secures payment for agreed sum in case business unit fails to make payments. 
D)  Business unit guarantees to pay holding company.

Correct Answer:

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