Supardi, Azizan; Adnan, Hamimah; Yaakob, Jamaluddin - Volkswirtschaftliche Fakultät, … - 2007
In construction contracts, a 'performance bond' is a bond taken out by the contractor, usually with a bank or insurance …. There are two types of performance bonds: Conditional bond or default bond; and Unconditional bond or on-demand bond …. However, in Malaysia, the question of whether the performance bond in a construction contract is a conditional or an …