Bid bond example calculation #justlearncivil #tender #procurement #civilengineering #contract
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🔍 Scenario: What are the three types of bonds used during the bidding process and construction? 💡 Answer: 1. Bid Bond, 2. Performance Bond and 3. Payment Bond The Architect’s Handbook of Professional Practice covers the different types of bonds in more detail on pages 1103-1104. #architecture #ConstructionandEvaluation #ce #areexams #ncarb #architect | Black Spectacles
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🔍 Scenario: What are the three types of bonds used during the bidding process and construction? 💡 Answer: 1. Bid Bond, 2. Performance Bond and 3. Payment Bond The Architect’s Handbook of Professional Practice covers the different types of bonds in more detail on pages 1103-1104. #architecture #ConstructionandEvaluation #ce #areexams #ncarb #architect | Black Spectacles
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Pay attention to the word attachment and writ, but especially pay attention to the word bond because it’s a surety bond, appearance, bond, a settlement bond, a bid bond, and the last one is a penal bond. You want all these bonds, hereby discharged. This is not legal advice. If you want legal advice, hire an attorney I reserve all my rights with explicit reservation without prejudice. | Daniel Garcia
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