teljesítménykötések

Teljesítménykötések, also known as performance bonds, are financial instruments used in construction and other industries to ensure that contractors and subcontractors fulfill their obligations to complete a project according to specified standards and within agreed-upon timeframes. These bonds are typically issued by a surety company and are required by the project owner or a regulatory authority to mitigate the risk of non-performance.

A teljesítménykötés serves as a guarantee that the contractor will complete the project as agreed. If the contractor fails to meet the performance standards or complete the project within the specified time, the surety company will compensate the project owner for any losses incurred. This compensation can cover costs such as additional labor, materials, or even the entire project cost if necessary.

The amount of the teljesítménykötés is usually a percentage of the total project cost, ranging from 1% to 5%, depending on the project's size, complexity, and the level of risk involved. The bond remains in effect until the project is completed and all performance standards are met.

Teljesítménykötések are an essential tool for project owners to protect their interests and ensure the successful completion of projects. They provide a financial safety net, reducing the risk of financial loss due to contractor default. However, they also impose an additional cost on contractors, which must be factored into their project bids.