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Neil G. McDonald Ltd.
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
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Hours
Mon-Fri 9-4:30 EST

Maintenance Bond

A bond guaranteeing the performance of a contractor in a maintenance contract. e.g. a contractor builds a building and guarantees it against defect in workmanship and material for a period of one year. The bond guarantees that the contractor will remain financially sound and will properly perform the maintenance understanding on the building during the required period.