What are the two types of bond?
Construction Materials, Methods and Techniques (MindTap Course List)
4th Edition
ISBN:9781305086272
Author:William P. Spence, Eva Kultermann
Publisher:William P. Spence, Eva Kultermann
Chapter16: Nonferrous Metals
Section: Chapter Questions
Problem 22RQ
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Question
What are the two types of bond?
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Step 1
A construction bond is a surety bond used by the client in a construction project. The construction bond is generally used in the construction industry as a method of guaranteeing a client against the risk of a contractor failing to meet contractual necessities to the client.
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