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A performance deposit ensures a contractor's performance of his bid to perform labor and/or provide materials to a jobsite or client.

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Q: What is a payment of performance deposit for?
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Related questions

What is Deposit sales?

The deposit sales is the business type of payment , the customer will have to advance the payment before buying. The diffirent between the advance payment sales and deposit sales is about , the Advance Payment - the customer will have to order first then pay regarding to the order Deposit Sales - the customer will pay first before ordering.


Can you use your deposit for a month payment?

NO!


What are the features of fixed deposit?

1. You will get a certificate for the deposit 2. You can opt for periodic interest payment or total interest payment at the end of the deposit duration 3. you can get loans against the deposit 4. you can use the deposit as a collateral for loans etc...


What is a poker payment?

A Poker Payment is when you Deposit Money to your poker account.


Does a non refundable deposit cover anything?

It would be part of the payment for whatever the deposit is on. If you don't buy or use what the deposit is on, it is not refunded.


What is the abbreviation of DES PAYMENT ON BANK STATEMENT?

Deposit


What is the payment for a Porsche carrera gt?

New or used. Deposit or no deposit. Balloon payment or no balloon payment. Interest rate. Taxes, levies, stamp duties. There are many variables to consider, so consult your finance broker.


What is the difference between the balloon payment and deposit?

A Balloon payment is a lump sum of principal reduction due at the maturity of the loan. I have no idea how itcompares to a deposit as a deposit is usually a transaction when money is put into a savings/checking account which is a totally different side of the bank...


Can you deposit money into an edd account?

No withdraw only


What is a performance deposit on a car repossion?

A performance deposit is to ensure the contract if followed and will come off the cost of the car. Its usually the lesser of three months payments or on third of the remaining loan on the car.


Are you entitled to your deposit back no paper work has been signed?

Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.


What is a safe deposit receipt?

A safe deposit receipt is a receipt for the payment of renting a safe deposit box at a bank. Some banks charge a monthly fee for this type of safe.