MAINTENANCE BOND
A type of surety bond issued to the contractor which protects the owner from defects and faults in materials, workmanship, design, and the like that could emerge in the course of completing a construction project, for a certain time period. Technically speaking, the bond is not an insurance, but rather an insurance policy on a construction project to ensure the contractor will be able to correct any defect that would arise or the owner will be recompensed for those faults. It also guarantees that the construction project will meet local building codes and standards.
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Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
