Calculate a contractors cost for performance and labor and material payment bonds using the rate schedule shown

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Calculate a contractor’s cost for performance and labor and material payment bonds using the rate schedule shown in Table 2.4 for each of the following:

A construction project has an estimated cost of $750,000. What is the resultant bond fee as a percentage of the estimated construction cost?

A construction project has an estimated cost of $25 million. What is the resultant bond fee as a percentage of the estimated construction cost?

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Management Of Construction Projects A Constructors Perspective

ISBN: 9781315529080

2nd Edition

Authors: Len Holm, John E. Schaufelberger

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Question Posted: Aug 30, 2024 09:11 AM

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Calculate a contractors cost for performance and labor and material payment bonds using the rate schedule shown

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Management Of Construction Projects A Constructors Perspective

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