Скачать с ютуб How Construction Bid Bonds Work в хорошем качестве

How Construction Bid Bonds Work

What happens if the subcontractor doesn't perform the work, or says they can't perform the work at the originally bid price? The owner can then go to the subcontractor's bid bond agency. The bid bond typically covers the difference between the lowest and second lowest bid, and this amount is paid by the bonding company to the owner. The bonding company may sue the contractor, depending on the bond's terms, to recover the costs. The agency may also seek to install a new contractor at the original bid price or lower. Learn more at https://mobilizationfunding.com Like what you just watched? Subscribe to our newsletter: https://mobilizationfunding.com/newsl...