19. Check the correct boxes: + Bonds No. Statement Bid bond Performance bond Payment bond 1 2 3 Required from all bidders Required from the lowest qualified bidder only Is refunded / returned at the end of the process Guarantees that if chosen as the lowest qualifies bidder, will sign a contract with the owner Assures the owner that the contractor will pay all subcontractors, vendors, and laborers 4 5 6 Protects the owner against liens against the project Assures the owner that the contractor will complete the project within the terms of the contract; otherwise, the surety will get another contractor to complete the project within the terms of the contract 7