Performance Bond - 260

ConsensusDocs 260 is a standard performance bond form designed to provide financial assurance for construction projects under the ConsensusDocs 200 and ConsensusDocs 500 series agreements. Developed and officially endorsed by the Surety & Fidelity Association of America (SFAA) and the National Association of Surety Bond Producers (NASBP), this performance bond form reflects industry best practices for guaranteeing project completion.

Used by Owners, Constructors, and Sureties, this one-page administrative document ensures that the Surety (guarantor) assumes responsibility if the Constructor (general contractor, design-builder, or construction manager) fails to meet contractual obligations. The bond protects the Owner, who is the obligee, by ensuring the project will be completed or that financial compensation will be made up to the agreed-upon bond sum or penal amount.

Key features of ConsensusDocs 260 include:

• Compatibility with ConsensusDocs 200 and 500 Series: Seamlessly integrates into Owner/Constructor and Owner/Design-Builder contract frameworks.
• Simplicity and Clarity: Its concise, single-page format simplifies the administrative process while preserving legal clarity.
• Trusted Industry Endorsements: Backed by leading surety organizations SFAA and NASBP, assuring wide acceptance and credibility.
• Defined Surety Obligations: Clearly states the maximum financial responsibility of the Surety and the scope of protection for the Owner.
• Risk Mitigation: Offers Owners essential risk protection against non-performance or default by the Constructor.

Whether used in traditional design-bid-build or design-build projects, ConsensusDocs 260 offers a reliable, standardized way to safeguard investments and ensure contractual accountability. It supports a collaborative construction environment while addressing financial risks tied to performance failure.

By adopting this form, project stakeholders benefit from industry-aligned legal protections and the peace of mind that construction obligations are backed by a qualified Surety.