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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.
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Option A</h3>
In a Series circuit with two identical loads, the voltage across each load will be: the same
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Explanation:</u></h3>
A series circuit is one with total the loads in a row. There is barely ONE path for electricity to pass. If this circuit was a series of flashbulbs, and one left out, the left bulbs would switch off. T
he current in a series circuit is universally the same and the voltage over the circuit is the amount of the unique voltage drops over each component. The voltage referred to as a series circuit is equivalent to the amount of the individual voltage drops.
