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Performance Bond and LC

Thread starter 10815L
Start date Jul 15, 2012

Status: Not open for further replies.

Jul 15, 2012

10815L

Chemical

Hi,
Some bidders supposed to use performance bond and while others go for LC, could any one please explain what is main difference between Performance bond and LC and why they are insisting for performance bond. what is the legal issues behind of this.
Thanks