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Charlie is the contract bond underwriter for Dillon Construction. He had approved a bid bond for a parking lot construction project that the contractor was
Charlie is the contract bond underwriter for Dillon Construction. He had approved a bid bond for a parking lot construction project that the contractor was bidding on. When the competitive bid results became available, Charlie learned that Dillon Construction's bid was 10% below the next highest bid. This information will likely lead Charlie to do which one of the following? Available answer options Select only one option A Increase the premium for the bid bond B Increase the line of credit for Dillon construction C Seek a satisfactory explanation from Dillon Construction D Deny performance, payment, and maintenance bonds for the project
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