The Infographic, “Types of Construction Bonds,” explains the different types of bonds used in construction projects across the US. In addition to identifying the different types, the infographic explains their purpose and why they are useful in the construction industry. Construction Bond is a commonly used name for a type of surety bond that protects the obligee by ensuring the principal fulfills the terms of the contract. For more information on the process, refer to the infographic at Nielson, Hoover & Company. https://www.nielsonbonds.com/types-of-construction-bonds-3/
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