Answer:
It serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
Explanation:
A bid bond is a type of construction bond that protects the obligee in a construction bidding process.
A bid bond typically involves three parties:
The obligee; the owner or developer of the construction project under bid. The principal; the bidder or proposed contractor.
The surety; the agency that issues the bid bond to the principal example insurance company or bank.
A bid bond generally serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
I think downwards as that's how most saw's work.
The use of smart cranes doesn't enable transportation companies to: B. Manually load or unload crates onto a train with several workers.
<h3>What is a
smart crane?</h3>
A smart crane can be defined as a mechanical equipment that is designed and developed to automatically load, unload, or control the movement of heavy equipment (objects) from one point to another, especially through the use of a projecting arm or beam.
<h3>The use of smart cranes.</h3>
Generally, various transportation companies use a smart crane to achieve and perform the following tasks:
- An ability to hire fewer workers to transport crates onto trains or haulage vehicles.
- An ability to control the movement of heavy objects.
- An ability to incorporate technological advancements into their routine work or daily practices.
Hence, the use of smart cranes by transportation companies completely abolishes the need to manually load or unload crates onto a train with several workers.
Read more on smart cranes here: brainly.com/question/25845985
