Question: Payment bonds are often required by the contract and require specific actions under the stated conditions. Payment bonds are specifically designed to ensure that the

Payment bonds are often required by the contract and require specific actions under the stated conditions. Payment bonds are specifically designed to ensure that the prime contractor provides payment of—

a. Insurance premiums

b. Weekly payrolls

c. Subcontractors, laborers, and sellers of material

d. Damages for accidents caused

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