Surety bonds protect tax payers

I cam a cross a interesting article this morning “Surety Bond” on walgreens debacle? This article was talking about where a city that did not requirer a contractor  bonded. The project was never completed and now the tax payers will have to take the burden.  Surety bonds should always be required when it’s tax payers money involved.   If there was a surety bond in place when the contractor defaults on the job a surety company could have taken over the contract and finished the project.  Government surety bonds save the tax payers money

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