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Q:
Can an irrevocable letter of credit be used as a substitute for the contract bonds?
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used
credit
contract
letter
bonds
substitute
irrevocable
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• Yes, the letter of credit must be issued by a financial institution insured by the FDIC or the Federal Savings and Loan Insurance Corporation on a form obtained from Construction and Properties.
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Can an irrevocable letter of credit be used as a substitute for the contract bonds?
Related Questions
- The biggest difference between a surety bond and insurance is insurance is a two party risk transfer ...
- It is something that cannot be revoked or recalled. In bidding every bid shall be deemed an irrevocable offer ...
- A MIDGET trust is a Medicaid Intentionally Defective Grantor Trust. Done "right", an irrevoccable trust will ...
- The revocability of your plan refers to the pre-funding of your funeral. A revocable plan allows you to un- ...
- The county in which the Medicaid applicant or recipient resided (most likely the county in which they applied ...