What type of bond guarantees that a supplier will furnish supplies, products, or equipment?

A supply bond is specifically designed to guarantee that a supplier will provide the necessary supplies, products, or equipment as agreed upon in a contract. This type of bond offers assurance to the purchaser that the supplier is financially capable and committed to fulfilling their obligations in the contract. If the supplier fails to deliver the goods as promised, the bond provides financial protection to the purchasing party, which can seek compensation through the bond for any losses incurred.

Completion bonds generally pertain to ensuring that a project or service is completed satisfactorily and on time, not specifically focused on the supply of goods. Fiduciary bonds are related to individuals who manage another person's asset, ensuring that they act in the best interest of those whose assets they control. Public official bonds guarantee the performance of officials in their duties but are not relevant to supplier contracts. Hence, the supply bond stands out as the correct choice for guaranteeing supply delivery.