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TheCoinRepublic

What is a Contract Bond: Meaning, Process, and Uses

Understanding what a contract bond is helps contractors, project owners, and stakeholders secure performance and payment in construction or service agreements.  A contract bond works as a surety arrangement that guarantees the contractor will meet all terms of the agreement. If they fail, the surety covers the cost to complete the work or compensates the [...]The post What is a Contract Bond: Meaning, Process, and Uses appeared first on The Coin Republic.

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