A subtrade ____ would give the prime contractor the right to damages from the bonding company in the event that a subtrade fails to execute the subcontract after its bid has been properly accepted by the prime contractor.
A) bid bond
B) fixed bond
C) surety bond
D) performance bond
Correct Answer:
Verified
Q1: On some publicly funded projects, the general
Q3: When a bid proposal has been obtained
Q4: The estimator's task becomes far more complicated
Q5: In an effort to manage the risk
Q6: Most contractors maintain a directory of the
Q7: Subcontractors often perform _% or more of
Q8: Under the terms of the contract it
Q9: When investigating the financial condition of a
Q10: The _ outlines for the contractor's estimator
Q11: _ require subtrades to submit their bids
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