Question: This type of bond guarantees that work will be done according to specifications, in the time specified, and if another supplier does rework or completes

This type of bond guarantees that work will be done according to specifications, in the time specified, and if another supplier does rework or completes the order, purchasing is indemnified for these extra costs

________

blank.

Multiple Choice

performance bond

payment bond

lien bond

bid bond

surety bond

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Mr Leong aged 53, is the factory manager of Best Electronics Sdn Bhd which manufactures electronic components for export to its holding company in the USA. He has been working with Best Electronics...

This type of bond guarantees that work will be done according to specifications, in the time specified, and if another supplier does rework or completes the . order, purchasing is indemnified for...

Please provide detailed explainations for both the intorruction and the background. Thank you. VF Brands: Global Supply Chain Strategy It was August 2009. Chris Fraser, President, Supply Chain...

Please provide detailed explanations for introduction, background, methods, analyis and results and recommendations and conclusions. VF Brands: Global Supply Chain Strategy It was August 2009. Chris...

Background of Vinnadornic Vinnadornic is a developing country in southern Europe with a population approximately 17 million. Thus, development is one of the most important tasks to be carried out by...

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Please provide detailed explainations for methods, Analysis and results and recommendations and conslusions. Thank you. VF Brands: Global Supply Chain Strategy It was August 2009. Chris Fraser,...

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

15. Excel hardware is introducing a new product on a new product line of capacity 800 units per week at a production cost of $50 per unit. Fixed costs are $22,400 per week. Variable selling and...

A bond that settles on June 7, 2008, matures on July 1, 2030, and may be called at any time after July 1, 2012, at a price of 108. The coupon rate on the bond is 8 percent and the price is 111.50....

Assume Caden only has income from self - employment for the current year, and he lives in Manitoba. In which of the following situations would he be required to make income tax instalment payments...

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...