TRANSART – Southern California

Medical / Judicial Interpreter – Spanish/English Translator

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Bid Bond

Posted by Legal / Medical Interpreter on 09/13/2012

  •  A Bid Bond is purchased when a contractor, or the “principal”, is bidding on a tendered contract.
    The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, or “oblige”, guaranteeing that the principal will enter into the contract, if it is awarded.

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