NM General Contractor Practice Questions - New Mexico General Contractor Exam

Under the NASCLA framework, what are the three parties in a surety bond?

Principal (contractor), obligee (project owner), and surety (bonding company) Contractor, subcontractor, and supplier Owner, architect, and contractor Bank, contractor, and government

Correct Answer:

Principal (contractor), obligee (project owner), and surety (bonding company)

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