Why is the contractor normally required to submit a bid bond when making a proposal to an

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Why is the contractor normally required to submit a bid bond when making a proposal to an owner on a competitively bid contract?

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Construction Management

ISBN: 9781119256809

5th Edition

Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko

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Question Posted: Feb 17, 2024 04:00 AM

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Why is the contractor normally required to submit a bid bond when making a proposal to an

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ANSWER A bid bond is typically required when a contractor submits a proposal to an owner on a competitively bid contract for several important reasons ...View the full answer

Construction Management

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