Design Team Overview
Go with me to a notary, seal me there
Your single bond; and, in a merry sport,
If you repay me not on such a day,
In such a place, such sum or sums as are
Express'd in the condition, let the forfeit
Be nominated for an equal pound
Of your fair flesh, to be cut off and taken
In what part of your body pleaseth me
The Merchant of Venice by William Shakespeare
Thankfully, bondsmen these days are not expected to risk a pound of flesh in guaranteeing the performance of building contracts!
However, the concept of risk transfer in trade is as old as time.
References to surety and bonds can be found throughout antiquity. There are even references to the concept in the Bible.
A Performance Bond is an ancient product that has real 21st century relevance.
For more detail please download our Information Booklet below.
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