SBA 50 45 2: The Surety Bond Guarantee Program
A surety bond is a three party agreement that ensures that the contractor will comply with the terms and conditions of a contract. The three parties to the bond are: ... Title IV, Part B, Sections 410 and 411 through 412, as amended. ... The contractor fails to inform the surety of unbonded contracts or of a contract bonded by another surety ... ................
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