4 votes2 answers1 views
A performance bond guarantees to the owner that the contractor will complete the project according to the contract terms and conditions. The school...
Questions tagged construction
Construction: 6 questions across all categories.
6 questions
2 votes2 answers1 views
The Davis-Bacon Act applies to federal contracts in excess of $2,000 for construction, alteration, or repair, including painting and decorating, of...
Luis A.Verified vendorasked
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AnsweredHow much does a performance bond cost, and does the rate drop once you have a few jobs done?
Your performance bond rate will drop once you have a few jobs done, especially if they are similar in size and scope to the city park project. The...
1 votes1 answer1 views
Yes, a Disadvantaged Business Enterprise (DBE) certification is different from a state MBE and WBE certification because DBE certification is a...
5 votes2 answers0 views
Yes, for an Invitation for Bid, the lowest price wins if your bid is responsive and you are a responsible contractor. Grace is correct that for a...
2 votes1 answer1 views
We are looking at a county paving project. The IFB requires a bid bond at the bid opening in nine days. I called our insurance agent, and they said...