BOMI International BI-RPACS CAP-2101-20 Question # 13 Topic 2 Discussion
CAP-2101-20 Exam Topic 2 Question 13 Discussion:
Question #: 13
Topic #: 2
A construction contractor has been awarded a major renovation project. What will the contractorMOSTlikely be required to provide to the property manager before proceeding?
Aperformance bondis a type of surety bond commonly required in construction projects. It guarantees that the contractor will complete the project according to the terms and specifications of the contract. This protects the property owner or manager from financial loss if the contractor fails to meet obligations.
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