« previous next »

Author Question: What does a surety check out before providing a bond to a contractor? What will be an ideal ... (Read 88 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jul 26, 2018
What does a surety check out before providing a bond to a contractor?
 
  What will be an ideal response?

Question 2

What are the advantages of requiring bonds on construction projects?
 
  What will be an ideal response?


Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 26, 2018
Answer to Question 1

Before issuing bonds sureties thoroughly review construction firms and their character, capital, and capacity. Sureties also review the plans and specifications for potential projects and other accomplishments of construction firms.

Answer to Question 2

The advantages of requiring bonds on construction projects is to protect owners against nonperformance, nonpayment of subcontractors and suppliers, and to guarantee that the contractor awarded a contract will perform the work or the owner will be compensated for the difference between the lowest bid and the second lowest bid.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

londonang

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jul 26, 2018
TY


Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jul 26, 2018
You're welcome


« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Double-check for any oil or vacuum leaks after starting the engine. Double-check for any oil or vacuum leaks after starting the engine.
The connector must be opened (disconnected) to check and/or adjust the ignition timing. On DIS/EDIS ... The connector must be opened (disconnected) to check and/or adjust the ignition timing. On DIS/EDIS ...
Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ... Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ...
Remove the heat source, and check the skin for redness. Massage the area, and notice muscle ... Remove the heat source, and check the skin for redness. Massage the area, and notice muscle ...
Covalent bond Covalent bond
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library