I have been asked to investgate the relative merits of performance Bonds. Any insights would be much appreciated
Because performance bonds could relate to just about anything with a performance factor, even though construction is the most likely industry, it would be helpful to limit the field to the industry you would like to discuss rather than leaving things open ended.
I would suggest that you contact your current bonding company and ask for a run down. They will usually provide industry insight and some other discussion for you because you are paying them to help you with your bonding.
Also contact the company that would like you to provide the bond because they will lay out the risks they perceive related to performance.