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Guarantee of Performance - Rhode Island
Guarantee of Performance is a legal document that was released by the Rhode Island Department of Business Regulation - a government authority operating within Rhode Island.
FAQ
Q: What is the Guarantee of Performance in Rhode Island?A: The Guarantee of Performance in Rhode Island ensures that construction projects are completed according to contract specifications.
Q: What is the purpose of the Guarantee of Performance?A: The purpose of the Guarantee of Performance is to protect the project owner in case the contractor fails to complete the project or does not meet the agreed-upon specifications.
Q: Who is responsible for providing the Guarantee of Performance?A: The contractor is responsible for providing the Guarantee of Performance.
Q: What happens if the contractor fails to meet the project requirements?A: If the contractor fails to meet the project requirements, the project owner can make a claim on the Guarantee of Performance to seek compensation or to have the project completed by another contractor.
Q: How long does the Guarantee of Performance typically remain in effect?A: The Guarantee of Performance typically remains in effect for a specified period, usually one year, after the completion of the project.
Form Details:
- The latest edition currently provided by the Rhode Island Department of Business Regulation;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Business Regulation.
