Seguros y GravámenesPregunta 1478 de 1605
On many private commercial projects, the direct contractor furnishes a 'payment bond.' The primary purpose of a contractor's payment bond is to:
a.Protect the owner against defective workmanship
b.Guarantee the project will be completed on schedule
c.Reimburse the owner's financing costs
d.Guarantee payment to subcontractors, laborers, and material suppliers who furnish work
Explicación
A payment bond (Civil Code §8600 et seq.) guarantees payment to subcontractors, laborers, and suppliers. A performance bond, by contrast, guarantees completion/quality. The payment bond gives lower-tier claimants a surety to pursue in addition to (or instead of) lien rights.
Referencia Legal: Civ. Code §8600Practica las 1605 preguntas gratis — sin registro.
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Última revisión: · proceso editorial
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)