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In which had corrected during real obligation if performance default bonds insurance vs insurance usually easily amount paid?
If the terminology of construction surety bonds is confusing at first, you may want to keep this guide as a reference.
Most public contracts expressly require notice and an opportunity to cure be provided to contractors though there may be exceptions.Plan After
In contrast, SDI policies typically define default much more broadly, and do not require the contractor to default terminate the subcontractor.Financial
SDI have their place in the construction industry and each services a different purpose.
Should I File a Claim?