Surety bonds are often required for construction contractors prior to beginning work on a job. If a construction contractor does not complete a job, they do not get paid. Therefore, surety bonds are tremendously important in construction. What is a surety bond, however? This article aims to explain what a surety bond is, and clears up five common misconceptions about this vitally important concept.
- Summary by FizzLaw Team
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Top Five Surety Bond Misconceptions