
Get Form Of Affidavit To Be Made For The Purpose Of Determining The Size Of The Bond Required Of The 2020-2025
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Surety bonds cover 100% of the contract amount. The performance bond ensures full project completion, while the payment bond protects the subcontractors, workers and suppliers. A letter of credit can be issued for any percentage of the project contract amount, though it's generally between 5-10%.
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