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After a construction bonding company takes over, they typically assess the project and its financials to determine the extent of any issues. They may work to ensure that the project is completed according to the original contract terms, often by hiring new contractors or managing existing ones. The bonding company will also seek to recover any losses incurred, either from the original contractor or through a claim on the bond. This process aims to protect the interests of project owners and minimize financial impacts.

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4w ago

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