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What applications does VHB tape have?
VHB stands for Very High Bond tape which is a form of super adhesive tape. It is used in place of screws or rivets, forms a permanent bond and is weatherproof.
What is an environmental performance bond?
An environmental performance bond is a financial guarantee that ensures a company or developer fulfills their environmental obligations, such as land restoration or pollution mitigation, during and after a project. If the entity fails to meet these requirements, the bond can be forfeited to cover the costs of compliance or remediation. This mechanism helps protect the environment by providing a financial incentive for responsible practices and accountability. It is often used in industries like mining, construction, and energy.
Is LPG has high calorific value than methane?
Methane is CH4 and LPG(Butane) is C4H10. The energy in the Carbon Carbon bond (C-C)is more than that in the Carbon Hydrogen bond (C- H). Since there are more number of C-C bonds in butane (LPG) than in methane,calorific value of LPG or butane is higher than that of methane.
Why use cyclohexanone in PVC cement what role does it play?
Cyclohexanone is used in PVC cement primarily as a solvent. It effectively dissolves PVC (polyvinyl chloride), allowing the cement to penetrate and bond the surfaces being joined. This solvent action facilitates a strong chemical bond as the PVC materials fuse together during the drying process, ensuring a durable and reliable joint. Additionally, cyclohexanone's relatively low volatility helps maintain the working time before the cement sets.
Which bond type would help a small town build a sewer system?
A small town would typically use municipal bonds to finance the construction of a sewer system. Specifically, revenue bonds could be issued, which are backed by the revenue generated from the sewer services provided to residents. This type of bond allows the town to raise funds without raising taxes, as the repayment is funded through user fees. Additionally, general obligation bonds could also be considered if the town has the ability to repay through tax revenues.
When do you give bid bond back?
A bid bond is typically returned to the bidder after the bid opening if their bid is not chosen, or once the contract has been awarded and the performance bond is in place.
What is difference between bid security and Bid Bond?
There is no difference. Bid securities can come in different types. A bid bond is just one type of bid security.
What is the difference between a bond bid and ask price?
The bond bid price is the highest price a buyer is willing to pay for a bond, while the bond ask price is the lowest price a seller is willing to accept for the bond. The difference between the bid and ask price is known as the bid-ask spread.
Do you return a bid bond if the contract is not awarded?
Yes, a bid bond is typically returned to bidders if the contract is not awarded to them. The purpose of the bid bond is to ensure that the bidder will enter into a contract if selected; if they are not chosen, the bond is released. However, the specific terms regarding the return of a bid bond may vary depending on the contract's conditions and the issuing authority. Always consult the bid documents for detailed information.
Is bid Bond refundable and when?
The bid Bond is refundable to losers when the contract is awarded. It is a bank guarantee of a specified value issued by the guarantee to the seller such that he cannot withdraw his bid from the tendering process.
If you use a bid bond and do not get awarded the contract do you get your money back?
No. The bid bond performed its function - allowing you to bid. This is why bid bonds are inexpensive. Had you been awarded the contract you would then need another bond, a "performance bond". This bond would be an extension of the bid bond and be priced equivalent to the value of the project. Yes. The above is incorrect atleast in the architecture/construction industry. Architectural handbook of professional practice 14 edition as reference. It is simply to insure a bidders intent to enter into contract if awarded the contract, and protect the owner if the bidder withdraws their bid
If issued a bid bond can surety not issue a payment bond?
Yes. If the bid spread is significant, and or if the financial situation of the contractor changes beyond the comfort level of the surety between the bid and award, or if the final bond is contingent on receiving info.
What is the difference between bid and ask bonds in the bond market?
In the bond market, the bid price is the highest price a buyer is willing to pay for a bond, while the ask price is the lowest price a seller is willing to accept. The difference between the bid and ask prices is known as the bid-ask spread.
What is a bid size?
A bid size is a number of shares that a buyer is willing to purchase at the quoted bid price.
What is the difference between bid and offer bonds in the context of bond trading?
Bid bonds are submitted by potential buyers to show their commitment to purchasing a bond at a specific price, while offer bonds are submitted by sellers to indicate their willingness to sell a bond at a certain price.
What is Difference between bid bond and performance bond?
<p><p> For example, the government may have a project to build a new road and since it does not really have the capability to build it, they may bid out the project to the public. After publishing the project, it may require contractors to signify their intention to do the project by submitting a "bid bond." After several contractors have bidded for the project (through submitting a bid bond), the project proponent will then choose and announce the winning bidder. Once the winning bidder has been announced, it will then require the winner to submit a performance bond. Other bid bonds submitted by losing bidders will just die a natural death. However,for the winning bidder, this "bid bond" will now be replaced by a "performance bond. Essentially, this "performance bond" assures the project proponent project completion. As stipulated in a written agreement, throughout the project, there will be certain milestones that the contractor will have to meet, failing which, there shall be corresponding penalties due the project proponent. On a worst case scenario, the contract can be rescinded and may be given to another contractor.
What is the purchase price of a bond called?
The purchase price of a bond is called the "face value" or "par value" of the bond. This is the amount that the bond issuer agrees to repay the bondholder at maturity.
