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Can a prime contractor purchase a payment bond that is retroactive to the beginning of a project?

CaliforniaPayment Bond

Can a prime contractor purchase a payment bond that is retroactive to the beginning of a project?

1 reply

Mar 19, 2021

If the bonding company is willing to do that, sure, but my expereince is that bonding companies are wary of providing bonds for work that has already begun.

Good luck!

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