A glossary of terms with reference to Construction Cost Estimating
Construction Cost Estimating
JULY 1, 2014
Bond - in construction, a performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. Example: 223 in Boston / 187 in Austin = 1.19. To adjust a known cost in Austin to that in Boston, multiply the Austin cost by 1.19.
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