completion bond

(redirected from Completion bonding)
Also found in: Financial.

completion bond, construction bond, contract bond

The guarantee of a bonding company that a contractor will perform and deliver the work contracted for free of all encumbrances and liens.
References in periodicals archive ?
The pair acknowledge that their initiative needs to be matched by a more professional approach to legal issues from the industry and accompanied by the continuing development in Asia of related services such as collection agencies and completion bonding.
Insurers have a lot of control, especially when it comes to completion bonding," he said, "In some cases, if a film gets drastically behind schedule or over budget, the bonding company can take authority to bring the movie back on track.
Future Film also provides a range of production services -- not just post-production facilities, but also equipment hire, legal and business affairs, and insurance and completion bonding.