Our contractor has an excellent reputation in the city and won the bid for our extensive remodel of $500,000. (which is stretching our resources). I had spoken to several of the contractor’s past clients before we asked them to bid and we were very pleased they won the bid. Their several clients wholeheartedly recommended them. The contractor charges 1.5% for the “paper work”.
How much is a bond on $500,000. Who pays for the Bond? Is it even worth getting one?
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