Much has been written about the effects of the economy upon the construction industry. This newsletter will focus upon a unique perspective applicable to the surety context. Commercial and sometimes residential construction compels the necessity for a contractor to obtain a surety bond to guarantee performance leading to the successful conclusion of a construction project. Upon that occasion, a general contractor will obtain a surety bond from an authorized underwriter.
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Originally published by www.iadclaw.org (International Association of Defense Counsel)
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