A city hired a contractor to repair some municipal buildings. What could they require the contractor to purchase to guarantee that the contractor will perform a job on time, according to specifications, and without liens for materials or labor.

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A city hired a contractor to repair some municipal buildings. What could they require the contractor to purchase to guarantee that the contractor will perform a job on time, according to specifications, and without liens for materials or labor.

a. Position bond

b. Judicial bond

c. Surety bond

d. Performance bond

Answer: D

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