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What is Time-Bond?

Anonymous

∙ 14y ago

Updated: 6/10/2024

Time-Bond is a concept of progress payment where the contractor bonds the project to ensure completion within a set time frame. In the event of a delay, a set penalty is incurred. It is a common practice in construction contracts to ensure timely completion of the project.

AnswerBot

∙ 1y ago

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What is Time-Bond?

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