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What Is A Payment Bond?

Financial risk management

A good place to start with these basic questions is with a basic definition, and I’ve found a good one on Wikipedia:

A payment bond is a surety bond posted by a contractor to guaranty that his subcontractors and material…

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When Is A Project Considered A State Project?

Publishing a blog series about security and lien rights on state construction projects is terrific, but it means nothing to a construction or supply business if they’re not actually working on a state project. Thus, the question must be answered: What exactly is a state project?

Are You Working On A…

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