Name:
Legal Issues: Surety Bonds PDF
Published Date:
2005
Status:
Active
Publisher:
ASHRAE
A surety bond is a mechanism that transfers the risk that a contractor will bear if it fails to complete a project, from the owner to the surety company. It is not meant to protect the contractor or engineer. Two types of surety bonds exist: a performance bond and a payment bond. Many projects require, as part of the specifi cations, that the contractor or the architect purchase both types of bonds.
| File Size : | 1 file , 210 KB |
| Note : | This product is unavailable in Russia, Belarus |
| Number of Pages : | 1 |
| Product Code(s) : | D-23591 |
| Published : | 2005 |
