Contract

Typically, no. A bond, both payment and performance, is for claims made by others, not the principal on the bond. However, if the owner is a private party, the best course of action for an unpaid GC is usually a mechanic's lien procedure (unless of course it waived its ML rights in a state that allows waiver).

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The topic of "Contract" is highly commendable as classroom 6x it plays a vital role in various aspects of business and legal transactions. Contracts are essential agreements that establish the rights, responsibilities, and obligations between parties involved. They provide a framework for conducting business and ensure that all parties are on the same page regarding terms and conditions. 

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