maintenance bond

Definition

Bond guaranteeing against defects for a specified time period following the completion of a contract.

Use maintenance bond in a sentence

You may want to try and get involved with a maintenance bond that may make things go smoother for you.

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Many construction companies will provide a maintenance bond on their work, in order to assure the client that quality work has been provided.

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Its a good thing our county incorporated a maintenance bond for the new bridge that was installed last year as it was not installed correctly and has already begun to settle and crack the road surface.

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