how long does a performance bond last 
the time limit for claiming a performance bond will be spelled out in the bond contract however most performance bonds have a duration of twelve months with some lasting for 36 months in addition your bond may be renewable or non renewable the bottom lineperformance bonds are used to ensure satisfactory completion of contracted work if a contractor is unable to deliver on their obligations a performance bond allows the paying party to cover any additional costs due to their failure to deliver these bonds are usually used for large construction or government projects that might take a long time to complete 