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If the buyer wants to construct their house, is the Construction Bond refundable?

April 26, 2017Bond buyer construct Construction House refundable wants

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If the buyer wants to construct their house, is the Construction Bond refundable?

1 Answer

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Yes, construction bond is refundable, in the sense that all his workers must not violate all the rules of construction guidelines. If they violated three (3) times, there is a penalty and that certain amount of penalty will be deducted from the construction bond.