In Reality, Who Bears the Cost of Surety Bonds That

question 24

Essay

In reality, who bears the cost of surety bonds that the GC has to provide to the owner and why?

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Definitions:

Evaluate

To calculate the value of an expression.

Algebraic Expression

An expression built from constants, variables, and a finite number of algebraic operations (e.g., addition, subtraction, multiplication, and division).

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).

Distributive Property

The distributive property is a basic algebraic rule stating that \(a(b + c) = ab + ac\), allowing for multiplication to be distributed over addition or subtraction.