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  1. apprentice35
    apprentice35 is offline Member
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    Jul 2007
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    GC Dual Surety Bond

    Question, What is achieved by requiring a General Contractor provide a Dual Surety Bond for Payment and Performance? What does a Dual bond do. I am told it is to be provided to cover the Owner as well as the Lender.
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  2. PT
    PT is offline Member
    Join Date
    Jul 2007
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    Dual Surety Bond

    Quote Originally Posted by apprentice35
    Question, What is achieved by requiring a General Contractor provide a Dual Surety Bond for Payment and Performance? What does a Dual bond do. I am told it is to be provided to cover the Owner as well as the Lender.
    I've never heard of a Dual Surety Bond for Payment and Performance. If you can provide some more information about it, we'd be happy to see if we can help you.
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