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Step 1: Bond Claim
Serve notice upon the prime contractor (principal) and the surety within
120 days
of last furnishing material, labor or services.
Step 2: Suit Against Bond
Within
1 year
of last furnishing material, labor or services.
Bond Bits
Contracts less then $100,000 are excluded from bond requirements.
Amount of Bond: Not less than 100% of contract.