A group of guys want to start up a general contracting company, and they have the necessary expertise in bidding and running government projects. What they don't have is the financial backing so they are looking for a partner.
Will the insurance company require collateral in equal amount to the bond? Do they accept less? Do they require more?
2006-12-12
09:31:47
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2 answers
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asked by
eddygordo19
6
in
Business & Finance
➔ Other - Business & Finance
Most government contruction projects require the general contracter to post a performance and payment bond for the value of the project.
2006-12-13
09:59:07 ·
update #1