A contractor is performing work on a public project in SC valued at $850,000. What is the required payment bond amount?
Correct Answer
B) $850,000
South Carolina requires payment bonds equal to 100% of the contract amount for public works projects over $50,000.
Why This Is the Correct Answer
South Carolina requires payment bonds equal to 100% of the contract amount for public works projects over $50,000.
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Under SC workers compensation law, which employee classification typically has the highest insurance rate?
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A South Carolina contractor completes $85,000 worth of work on a commercial project. The owner fails to pay. What is the maximum mechanics lien amount the contractor can file?