Consider this relationship between the owner and contractor by examining the role that construction bonding plays as bids are made and design and construction begins.

Specifically,
address the following questions:
Why is bonding necessary in the construction industry? For each type of bond, briefly describe a scenario that demonstrates when the use of each
type would be appropriate.
What are the bonding requirements of public and private sector construction projects in your locale? Cite examples of public and private sector
construction projects in your response and note the type of bonds that are applicable.

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While all stakeholders have valuable roles in construction projects, typically, it is the owner who is tasked with selecting the best project delivery
system (PDS) for the job. The owner may seek the input of other stakeholders, such as the construction manager, in order to determine factors that
might influence the selection of a PDS and establish the best structure for a given project.
With these thoughts in mind, please respond to the following:
What are the factors that are most important to consider when selecting between turnkey approaches and other project delivery systems such as
design-bid-build? Why?
Select one role from the list below and explain how the choice of turnkey or D-B-B project delivery systems may affect stakeholders.
Engineering
Architecture
Financing

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