CA Practice question
Posted: Tue Oct 01, 2019 3:30 pm
Hi,
If a contractor has a performance bond for 100% of the contract documents = 500,000 but the project costs is 1,000,000 , the contractor defaulted and no where to be seen. who pays the difference?
If a contractor has a performance bond for 100% of the contract documents = 500,000 but the project costs is 1,000,000 , the contractor defaulted and no where to be seen. who pays the difference?