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Construction Bonding 101: Understanding Bid Bonds, Performance Bonds Costs | Ed Culp posted on the topic | LinkedIn
💡 Surety bond costs are one of the most misunderstood topics in construction. Appreciate Cole Pschunder, MBA breaking this down so clearly. A few important takeaways that contractors still get wrong: Bid bonds & prequalification cost nothing The 1–3% range only applies to Performance & Payment Bonds Rates are not one-size-fits-all Stronger ...
1 month ago
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