Русско-англо-русский юридический словарь

A performance guarantee is a form of financial security provided by a person to secure the performance of the contractual obligations of another. It usually provides for a monetary amount that may be called upon by the beneficiary of the guarantee in the event of a contractor's failure to perform its obligations under the contract. (Performance guarantees in construction contracts by Andrew Stephenson and Patrick Daley, claytonutz.com)

Tender guarantee is a guarantee of performance by the bidder of its tender obligations. (website of Trans Capital Corporation, Ltd.)

Performance guarantee. A guarantee of performance by the contractor of his obligations under the principal contract. (Scottish Engineering Contracts)