Construction Bonds Explained | QS Basics

In this video we explore construction bonds. The different types of bonds available & the purpose they serve throughout a construction project.

0:00 Introduction
0:35 What is a Construction Bond?
1:08 Bond vs Guarantee
1:35 On-Demand Bonds vs Conditional Bonds
2:36 7 Types of Bonds
2:55 Performance Bond
3:19 Tender Bond (or Bid Bond)
3:40 Retention Bond
4:15 Advanced Payment Bond
4:39 Off-site Materials Bond
4:52 Defects Liability Bond
5:09 Adjudication Bond
5:24 Metroun

#QuantitySurveying #Construction #Infrastructure

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[rommelflores]

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[Ifeomanwa]

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