Nearly all public construction work that is completed is done so through private sector construction firms. Jobs are bid on by private sector contractors. An open competitive sealed bid system is used to determine who is awarded the work. Many times the work is given to the contractor with the lowest, most comprehensive bid. With..
Tag: Mortgage Broker Bond - page 4
Bonding is a concept many of us are unfamiliar with. In this article, we will focus on how bonding affects financing. It is important to understand that bonding is not a type of insurance. The purpose of bonding is to guarantee projects are completed on time or as near to schedule as possible regardless of..