Which of the following is an instrument to limit the Owner's risk that the contractor will...

Which of the following is an instrument to limit the Owner's risk that the contractor will be unable to complete the project?

Bid bond

B	Surety bond

C	General liability insurance

D	Hazard insurance

Solutions

Expert Solution

Option A is correct.

Bid bond is a debt secured by a bidder for a construction job or similar type of bid based selection process, for the purpose of providing a guarantee to the project owner that bidder will take on the job if selected

Ally Wells answered 1 year ago

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