Contract performance insurance is a policy that provides protection to contract beneficiaries against the risk of non-fulfillment of obligations by the contractor. This insurance is essential in fields such as construction, public procurement, and other activities requiring performance guarantees, advance repayment guarantees, or maintenance guarantees. Through this policy, the insurer agrees to compensate the beneficiary if the contractor fails to meet the contractual terms.
Contract performance insurance is a policy that provides protection to contract beneficiaries against the risk of non-fulfillment of obligations by the contractor. This insurance is essential in fields such as construction, public procurement, and other activities requiring performance guarantees, advance repayment guarantees, or maintenance guarantees. Through this policy, the insurer agrees to compensate the beneficiary if the contractor fails to meet the contractual terms.
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