A performance bond , also known as a contract bond , is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor . The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
24-462: (Redirected from Pb ) [REDACTED] Look up PB , Pb , or pb in Wiktionary, the free dictionary. Pb is the chemical symbol for the chemical element lead . PB , P.B. , or Pb may also refer to: Arts and entertainment [ edit ] Music [ edit ] Paul's Boutique , a 1989 album by American hip-hop group
48-420: A bid bond , submitted when bidding for the job. When the job is awarded to the winning bid, a payment and performance bond will then be required as a security to the job completion. For example, a contractor may cause a performance bond to be issued in favour of a client for whom the contractor is constructing a building. If the contractor fails to construct the building according to the specifications laid out by
72-470: A Soviet silenced pistol intended for army reconnaissance groups and the KGB Picobarn , one trillionth of a barn, a unit of area used in physics Pipe bomb , an improvised explosive device consisting of a tightly sealed section of pipe filled with an explosive material Push button , a momentary button that is activated only while pressed by user Sports [ edit ] Personal Best ,
96-627: A bus coach body Other uses [ edit ] Paperback , a type of book Peanut butter , a food paste made primarily from ground dry roasted peanuts Personal best , an individual's best performance in a given sporting discipline. Plant Based , a diet consisting mostly or entirely of plant-based foods. Post box , a physical box into which members of the public can deposit outgoing mail. Powerball , an American lottery game Presiding Bishop , an ecclesiastical position in some denominations of Christianity Pro bono , professional work undertaken voluntarily for little or no payment as
120-603: A character from the 2010 animated TV series Adventure Time Prison Break , an American drama television series which originally ran from 2005 to 2009 Puppy Bowl , an American special based on the Super Bowl airing each year on Animal Planet since 2005 Anime-Manga [ edit ] Phantom Blood , the first story arc of shōnen manga series Jojo's Bizarre Adventure Companies and organizations [ edit ] Packard Bell Corporation , an American radio manufacturer formed in 1933 that later became
144-423: A chemical element Polybutylene , a polymer of the substance butylene Computing and software [ edit ] Petabit (Pb), a unit of information equivalent to 1000 terabits used, for example, to quantify computer memory or storage capacity Petabyte (PB), a unit of information equivalent to 1000 terabytes which is used, for example, to quantify computer memory or storage capacity PowerBook ,
168-664: A clear picture of the individual's history. In the United States, under the Miller Act of 1932, all construction contracts issued by the Federal Government with a value over $ 150,000 must be backed by performance and payment bonds. The Miller Act is now embodied in 40 USC chapter 31, subchapter III. States have also enacted what are referred to as " Little Miller Act " statutes, requiring performance and payment bonds on State-funded projects. Each bond has
192-885: A company's book value to its current market price Prime brokerage Participatory budgeting , a process of democratic deliberation to allocate parts of a public budget Education [ edit ] Brunei Polytechnic , a post-secondary institution in Brunei Philosophy and Belief, a school subject Project Blogger , an Irish educational initiative Library of Congress Classification:Class P, subclass PB -- Modern languages and Celtic languages People [ edit ] Panda Bear (musician) (born 1978), an experimental American musician and founding member of Animal Collective Chris Pontius (born 1974), an American entertainer and daredevil nicknamed "Party Boy" Places [ edit ] United States [ edit ] Pacific Beach, San Diego, California
216-422: A defense contractor and manufacturer of other consumer electronics Packard Bell , a Dutch computer manufacturer which took its name from the earlier American company Palladium Books , a publisher of role-playing games Panera Bread , a chain of bakery–café quick casual restaurants in the United States and Canada Parsons Brinckerhoff , an American professional services firm, now a part of WSP PBair ,
240-512: A designated bond amount. Surety bond companies will determine the bond rate based on risk and then charge a surety bond premium in the range 1-15% of the bond amount. In the United Kingdom, performance bonds are commonly required for construction projects. These bonds provide financial security and peace of mind for all parties involved in the project, including the contractor, project owner, and suppliers. Performance bonds ensure that
264-474: A line of laptop computers produced by Apple PowerBuilder , an integrated software development environment PunkBuster , a computer program that is designed to detect software used for cheating in online games Medicine [ edit ] Peripheral blood , deoxygenated blood in the circulatory system Phenobarbital , a barbiturate Other uses in science and technology [ edit ] For vehicles, see § Transportation . PB (pistol) ,
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#1732758271040288-974: A neighborhood in San Diego, California Palm Bay, Florida Palm Beach, Florida Pine Bluff, Arkansas Pismo Beach, California Other countries [ edit ] Paraíba , a state of Brazil Port Blair , a town in the Andaman Islands Punjab (disambiguation) , the name of several locations in South Asia Paderborn , town and eponymous district in Germany, known by their vehicle registration code PB Považská Bystrica , town in Slovakia, known by its vehicle registration code PB CIA cryptonym for Guatemala. Science and technology [ edit ] Chemistry [ edit ] Lead , symbol Pb,
312-399: A now-defunct Thai airline Photobucket , an image hosting, video hosting, slideshow creation and photo sharing website Piranha Bytes , a German video game developer Pirate Bay , a file-sharing organization Pitney Bowes , an American manufacturer of software and hardware and a provider of services related to documents, packaging, mailing, and shipping PocketBook International ,
336-612: A producer of e-book readers under the PocketBook brand Pottery Barn , an American-based home furnishing retail store chain ProBoards , an online message board service Prosperity Party ( Paartii Badhaadhiinaa ), a political party in Ethiopia Beretta ( P ietro B eretta Arms Factory), an Italian firearms manufacturer Economics and finance [ edit ] Payback period , in capital budgeting refers to
360-500: A public service See also [ edit ] BP (disambiguation) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title PB . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=PB&oldid=1248370805 " Category : Disambiguation pages Hidden categories: Short description
384-460: A straightforward notary bond. If a given surety bond type has paid out a high percentage of claims, then the premium amount paid by applicants will be higher. Surety bond companies attempt to predict the risk that an applicant represents. Those who are perceived to be a higher risk will pay a higher surety bond premium. Since surety bond companies are providing a financial guarantee on the future work performance of those who are bonded, they must have
408-500: Is different from Wikidata All article disambiguation pages All disambiguation pages PB">PB The requested page title contains unsupported characters : ">". Return to Main Page . Performance bond Performance bonds have been around since 2,750 BC. The Romans developed laws of surety around 150 AD, the principles of which still exist. A job requiring a payment and performance bond will usually require
432-410: The contract (most often due to the bankruptcy of the contractor), the client is guaranteed compensation for any monetary loss up to the amount of the performance bond. Performance bonds are commonly used in the construction and development of real property, where an owner or investor may require the developer to assure that contractors or project managers procure such bonds in order to guarantee that
456-573: The Beastie Boys Prussian Blue , an American white nationalist pop pre-teen duo PB , an album by Norwegian musician Per Bergersen Publications [ edit ] Performance Bikes (magazine) , a monthly British motorcycling magazine Playboy , an American men's magazine Post-Bulletin , an American daily newspaper based in Rochester, Minnesota Television [ edit ] Princess Bubblegum ,
480-469: The applicant's risk. Once the bond type, amount, and applicant risk are adequately assessed, a surety bond underwriter is able to assign an appropriate surety bond price. Surety bond companies have actuarial information on the lifetime claims history for each bond type. Over time, surety bond underwriters are able to determine that some surety bonds are more risky than others. For example, a California Motor Vehicle Dealer bond has significantly more claims than
504-497: The best time or score ever achieved by an athlete in a particular event. Paintball , a sport in which players tag opponents by firing dye capsules from a paintball gun Passed ball , in baseball Transportation [ edit ] Patrol boat , a relatively small naval vessel generally designed for coastal defense duties Pilatus Railway or Pilatusbahn, a mountain railway in Switzerland Irizar PB ,
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#1732758271040528-399: The buyer will at least receive compensation for his lost costs. Performance bonds are generally issued as part of a 'Performance and Payment Bond', where a payment bond guarantees that the contractor will pay the labour and material costs they are obliged to. Surety bond companies calculate the premium they charge for surety bonds based on three primary criteria: bond type, bond amount, and
552-425: The period of time required for the return on an investment to "repay" the sum of the original investment Performance bond , a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor Premium Bond , a lottery bond issued by the United Kingdom government's National Savings and Investments scheme Price-to-book ratio , a financial ratio used to compare
576-445: The value of the work will not be lost in the case of an unfortunate event (such as insolvency of the contractor). In other instances, a performance bond may be requested to be issued in other large contracts besides civil construction projects. Another example of this use is in commodity contracts where the seller is asked to provide a Bond to reassure the buyer that if the commodity being sold is not in fact delivered (for whatever reason)
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