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An American, medium-sized industrial electrical firm is bidding on a sub-contract with a large British construction firm building a major hydro project in Paraguay. As
An American, medium-sized industrial electrical firm is bidding on a sub-contract with a large British construction firm building a major hydro project in Paraguay. As a requirement of submitting a bid, they are required to provide the construction firm with a bid bond of 1 million USD, 1 percent of the contract value. Who should the industrial electrical firm approach to obtain the bond?
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
