1.A surety company makes a guarantee to a(n) _________ that a(n) _________ will perform according to a contract.

owner, subcontractor

contractor, owner

subcontractor, general contractor

general contractor, subcontractor

owner, general contractor

2.What does a bid bond guarantee?

A contractor will sign the contract if his bid is selected

A contractor will pay his subcontractors for work performed on the project

A contractor has not colluded with other contractor in preparing his bid

The general contractor will use the subcontractors listed in the bid

A contractor has submitted a balanced bid