Question: Why have a bid bond? Select one: a. It makes the proposal legally binding if accepted b. It verifies that contractors have proper insurance or

Why have a bid bond?

Select one:

a. It makes the proposal legally binding if accepted

b. It verifies that contractors have proper insurance or licensure.

c. It commits the contractor to paying for deliverables if not fulfilled properly.

d. It commits the contractor to complete the work properly.

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