Performance and Payment bonds Fundamentals Explained

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Contractors can not file mechanic’s liens on general public projects which include highways, universities, fire stations, and many others. Enforcement of this kind of mechanic’s lien would cause the foreclosure of public real estate. Alternatively, contractors and suppliers on public projects are supplied choice protection. The “beneficiary” is the person http://paymentbond38271.diowebhost.com/17571914/the-single-best-strategy-to-use-for-surety-and-performance-bonds


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