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STATE OF NORTH CAROLINADEPARTMENT OF TRANSPORTATIONDivision 14District 2Contract & Bonds CONTRACT: TIP Number: FEDERAL: WBS Element: LOCATION: COUNTY: DESCRIPTION: Contractor: Address:DN00481 N/A
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Who needs contract ampampamp bonds?

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Contract bonds are surety bonds that guarantee the completion of a contract according to the terms and conditions specified, protecting the interests of the project owner.
Generally, contractors who undertake public works projects or large private contracts may be required to file contract bonds to provide financial assurances.
To fill out contract bonds, the contractor must provide the required information such as their legal name, the project details, the bond amount, and the surety company details, and sign the documents to affirm their commitment.
The purpose of contract bonds is to ensure that contractors fulfill their contractual obligations, thus providing financial security to project owners and stakeholders.
Typically, contract bonds must include information such as the contractor's name, the project description, the bond amount, the surety company's information, and signatures from all parties involved.
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