3 Ways Performance Bonds Constrain Public Sector IT Projects
- Sagitec Solutions
- Thu, Oct 11, 2012
- Managing Risk, IT Projects, Performance Bonds
Performance bonds (e.g., surety bonds) have long been used by state and local government agencies to mitigate risk in major public sector IT projects. A bond provides protection in case a software vendor doesn’t fulfill its contractual obligations. It also allows government agencies to demonstrate fiduciary responsibility with taxpayer funds.
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