Secrets of Bonding 85: No Bid Bond, No Problem!

Contractors may be relieved when a bid bond is not required during their pursuit of a new contract. It could be a private contract, a subcontract on public work or even a prime, federal project. A thorough review of the specifications may reveal that a performance bond "final bond" is mandatory, optional or in some cases, it is simply requested out of the blue! ..»

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