What factors influence performance bond rates?

[jackkyle]

Hi everyone,

I'm looking into performance bonds rates for a construction project and wondering what key factors determine the rates. I know things like credit score and project size might play a role, but are there other important elements that affect the cost?

Does industry type, company financials, or bond amount make a significant difference? Any insights or experiences would be greatly appreciated!

Thanks in advance!

Jackkyle