Application Questions 5-1. From his military experience, Bob is familiar with all types of demolition work. However, his primary recent experience is in the use of explosives. He wants to put his demolition experience to use by starting his own small contracting firm. Bob is bidding on a contract that includes the use of explosives to demolish an abandoned chemical plant located beside a small river. In a conference with the building's owner and her attorney, the discussion focuses on required surety bonds for the project. 2. What concerns would a surety underwriter be likely to have in providing Bob with the bonds needed for this project? b. Describe the government program in which Bob might take part to help him get the bonds necessary to take on the demolition work. c. Given the contract that Bob hopes to win, what kinds of contract bonds is the building owner likely to require of Bob? d. Given the type of work that Bob plans to undertake, describe two license or permit bonds Bob is likely to be required to provide. Application Questions 5-1. From his military experience, Bob is familiar with all types of demolition work. However, his primary recent experience is in the use of explosives. He wants to put his demolition experience to use by starting his own small contracting firm. Bob is bidding on a contract that includes the use of explosives to demolish an abandoned chemical plant located beside a small river. In a conference with the building's owner and her attorney, the discussion focuses on required surety bonds for the project. 2. What concerns would a surety underwriter be likely to have in providing Bob with the bonds needed for this project? b. Describe the government program in which Bob might take part to help him get the bonds necessary to take on the demolition work. c. Given the contract that Bob hopes to win, what kinds of contract bonds is the building owner likely to require of Bob? d. Given the type of work that Bob plans to undertake, describe two license or permit bonds Bob is likely to be required to provide