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单词 LABOR AND MATERIAL PAYMENT BOND
释义

Contractor-requested bonding or surety company guaranty or security given to a construction project owner / principal. This covers payoff for all equipment, labor, materials, and services if the contractor does not pay for them under contract terms. Bonds issued usually go with performance bonds, for the same amount.

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更新时间:2024/12/27 20:58:50