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1 Describe what a Bond Is and why it Is important part for the construction requirements for Owners. 2 As the owner list all the

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1 Describe what a Bond Is and why it Is important part for the construction requirements for Owners. 2 As the owner list all the bonds required from the General Contract. Be sure to Include the bond value as a percentage of the construction value. 3 What is a contractor Holdback and why is it Important to the project. 4 Explain what a Lien is? Who can apply to Lien a project? 5 - What factors does a surety bond company consider In the underwriting {Insuring} and rare-qualification process? [Provide 10 Points and explain each fully] 6 When Is a Bond Triggered. {Provide 4 Points} 7 Explain In detail what a \"Certificate of Substantial Performance\" Is? 8 Explain the term Prompt Payment as it related to the Construction Act. 9 Per the Construction Act, what types of disputes can be Adjudicated? 10 Per the Construction Act How long [In Day's} does the Owner have to pay Contractor Invoices

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