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A project being tendered at $100,000 has material costs of $60,000 and labour costs of $20,000. What amount should be allowed in the estimate to

A project being tendered at $100,000 has material costs of $60,000 and labour costs of $20,000. What amount should be allowed in the estimate to cover the premium cost for a 50% labour and material bond based on $3/thousand?  

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