$1.$ You are working for a highly reputable wastewater treatment company in Canada that is looking to bid on a large public works project in China. However, the project requires a $$300,000$ USD bid$-$bond up front and a $$1$M USD performance bond upon contract signing.

a$.$ What is a $$bid$-$bond$?$

b$.$ What is a $$performance bond$?$

$2.$ Answer the following questions in relation to Question $1$

Who is CCC and how can the organization assist Canadian Companies faced with bid and performance bond requirements?

If CCC was unable to help, what could EDC do to help in this scenario?

What is EDC $$Wrongful Call$$ Insurance and is it relevant in this scenario? Explain your answer.

$3.$ Explain$$how export financing $($via a loan$)$ can be used to help foreign buyers of Canadian goods.$$ In doing so$,$ be sure to explain the following:$$

a$)$ The parties involved$$

b$)$ The steps involved$$

c$)$ The benefits to the seller$$

d$)$ The benefits to the buyer