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Contractor is disqualified because of surety bond's missing raised seal

by Surety Admin 18. October 2010 14:32

A Michigan contractor submitted the lowest bid for a West Virginia demolition project but ended up being disqualified because the surety bond he submitted had a gold foil seal rather than the required raised seal. The glitch not only cost Dore & Associates the $619,200 job, but it will also cost the town of Clarksburg an extra $58,800 for accepting the second-lowest bid.

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Surety Blog Categories:  Contract Bonds


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