This bond guarantees work will be done according to specifications,in the time specified,and if another supplier does rework or completes the order,purchasing is indemnified for these extra costs.

A) bid bond.
B) performance bond.
C) lien bond.
D) payment bond.
E) surety bond.

Performance Bond

A bond issued by a bank or insurance company that guarantees satisfactory completion of a project by a contractor, mitigating risk for the project owner.

Indemnified

means being protected or secured against financial loss or other liabilities, often through insurance or contractual agreement.

Specifications

Detailed and precise descriptions of the requirements for materials, products, or services, including technical details, standards, and quality criteria.