Explain why an owner would require bid bonds on a construction project
What will be an ideal response?
An owner would require bid bonds on his or her construction project because it would ensure that if the lowest bidder is awarded the project they would sign the contract or the owner would be entitled to the difference between the amount of the lowest bid and the second lowest bid up to the total value of the bid bond from the surety company.
You might also like to view...
Two common types of compressor are the ____-piston compressor and the sliding-vane compressor.
A. oscillating B. reciprocating C. sliding D. rotating
What controls when manual backseating valves open and close?
A) They open when they are backseat cracked and close when they are backseated. B) They open every time the unit starts up and close immediately upon shutdown. C) They open and close by a wireless Bluetooth signal. D) They open and close when hoses with depressors are connected and disconnected to them.
If an angle is not acute, straight, or obtuse, it must be a(n) _____
a. metric angle b. opposite angle c. right angle d. adjacent angle
A flush tank is 20" ยด 12" and holds water to a depth of 10". How many cubic inches of water does it hold?
Fill in the blank(s) with the appropriate word(s).