Posts Tagged ‘surety bonds; subcontractors’
What’s better? A Bond or Insurance?
The financial well-being and stability of subcontractors is an ever-present concern for most general contractors. When subcontractors fail to complete the full scope of their work, projects can stall, leading to frustrating and costly delays. To protect against subcontractor default, general contractors have traditionally relied on performance bonds. However, given increases in cost to acquire…
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