Seguros y GravámenesPregunta 1547 de 1605
Why might an owner prefer that the general contractor obtain a payment bond rather than rely solely on the contractor to pay subs?
a.If subs are unpaid and record liens, the payment bond surety can satisfy them, helping protect the owner's property from liens
b.It guarantees a completion date
c.It lowers the contract price
d.It eliminates the need for insurance
Explicación
A payment bond means unpaid subs and suppliers can look to the surety, reducing the chance they will lien the owner's property. It provides the owner financial protection against double-payment exposure from lower-tier lien claims.
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)