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Contractor License Bonds - Contractor License vs. Contract Bond


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Old 06-14-2007, 12:08 PM
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Default Contractor License vs. Contract Bond

What is the difference between a Contractor License Bond and a Contract Bond?
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Old 06-18-2007, 11:04 AM
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A contract bond bonds a specific contract, and is a cateogory of surety bonds, not a specific type.

A contractor license bond falls under the commercial bond category and guarantees a license filed with a local or state government.
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