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1 Payment Bond U.S. Department of Housing and Urban Development Office of Housing OMB Approval No. 0000-0000 (Exp. 00/00/00) Public Reporting Burden for this collection of information is estimated
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The payment bond contractorprincipal name refers to the name of the contractor or principal who is responsible for obtaining and filing the payment bond.
Contractors or principals who are involved in construction projects and want to provide a guarantee of payment to subcontractors and suppliers are required to file the payment bond contractorprincipal name.
To fill out the payment bond contractorprincipal name, the contractor or principal needs to provide their legal name or the name under which they are conducting their business.
The purpose of the payment bond contractorprincipal name is to identify and establish the responsible entity who will be providing the payment bond to ensure that subcontractors and suppliers are paid for their work or supplies on a construction project.
The information that must be reported on the payment bond contractorprincipal name includes the full legal name of the contractor or principal.
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