WA General Contractor Practice Questions - Washington General Contractor Exam

What is the difference between a 'bid bond' and a 'performance bond' in Washington public works contracting?

A bid bond guarantees the bidder will enter the contract if awarded; a performance bond guarantees the contractor will complete the work Both bonds serve the same purpose A bid bond is required only for private projects A performance bond is issued after project completion

Correct Answer:

A bid bond guarantees the bidder will enter the contract if awarded; a performance bond guarantees the contractor will complete the work

Access more questions from this quiz

Continue to WA General Contractor Practice Questions - Washington General Contractor Exam for more practice questions and the full quiz experience.

Access More Questions