came across this question in an older exam book (4.0). When a contractor furnishes both performance bond and labor material payment bond, do they both, individually, need to cover the full amount (100%) of the winning bid amount? Or as long as they add up (50% each) to the full amount?
From my understanding there's never a clean cut regarding this during construction? And where does it say it isn't (30% performance bond & 70% labor material bond)?
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