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Product:

Texas Performance

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Description:

A Texas performance bond is a type of surety bond that guarantees the satisfactory completion of a contract for a specific project. It provides financial assurance that a contractor will fulfill the terms of their agreement, including the payment of any fees or taxes, as well as any other obligations required by the state. A Texas performance bond is typically required when a contractor is bidding on a public works project in Texas, and is intended to protect the state and any other involved parties in the event of a contractor default.

Obligee: TEXAS PUBLIC WORKS DEPT