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Question
What are major differences between sureties and security?
Answer During construction contracts, if a contractor fails to carry out works, employer would experience from severe financial loss and then some forms of protection have to be established in contract.
For indemnity bond, contractor obtains a guarantee from a third party such as a bank or an insurance company that in return for a fee, agrees to start financial responsibility for performance of contractor's obligations. This third party will pay to employer in case there is a contractor's default.
For security, a sum of wealth is deposited in employer's account and upon reasonable fulfilment of contractor's obligations; sum will be repaid to contractor.
select three materials metal and non mealat at least one of the selected materials shold change its property
Question Why is slump specified in concrete carriageway comparatively low like 30mmwhen compared with normal concrete like 75mm? Answer Slump of concrete carriageway
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