The owner is required to provide payment bond to the GC whose bid has been accepted
A)when the owner gives the notice to GC to proceed with the work.
B)within one week of the GC commencing construction.
C)when the GC provides performance bond to the owner.
D)at the time of executing the owner- GC agreement.
E)none of the above.

Question

Quizplus · Accepted Answer

The owner is not required to provide a payment bond to the general contractor (GC). Instead, it is typically the GC who provides a payment bond to the owner to ensure that subcontractors and suppliers are paid.

The Owner Is Required to Provide Payment Bond to the GC