Browsing: Finance

How Do Bid Bonds Work In Construction?

Sara

It might not be obvious why construction project owners require bid bonds, but there is a very simple rationale behind this. In most projects, contractors are chosen through the process of bidding. Unfortunately, some choose to bid too low in order to win. Unfortunately, some choose to bid too low in order to win. In most projects, contractors are chosen through the process of bidding.

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How Does a Bid Bond Work?

Sara

Bonded contractors have the advantage over those who do not have a bond because Bid bonds have a flat rate of $100 to $250 for small projects. For big projects, it is computed as a percentage of the total bid amount such as 10% or 15% of it. This is a convenient way of keeping the confidentiality of all the bids.

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The Healthy Finance with Low Risk

Sara

Not all of us are given high salaries; that's a fact. However, what we are given are countless opportunities to grow and multiply the resources we have. We only need to know where to look and what to do. If you are reading this, then you have come to the right place because we will be your mentors who will guide you to achieve great financial goals.

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Don’t Let Credit Cards Take Over Your Life

Sara

Credit cards have made buying things easy. When you don't have cash on hand, all you have to do is hand over your card, get it swiped and voila! Your purchase is done. The concept of credit cards is for you to have credit that you can use which you pay on or before the due date.

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