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PMP Certification Mix Questions Test 3
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© examsnet.com
Question : 57
Total: 70
Payment bonds are often required by the contract and require specific actions under the stated conditions. Payment bonds are specifically designed to ensure that the prime contractor provides payment of______________
Insurance premiums
Weekly payrolls
Subcontractors, laborers, and sellers of material
Damages for accidents caused
Validate
Solution:
Payment bonds, which are required by the buyer, are issued by guarantors to prime contractors. The buyer wants to ensure that subcontractors of the prime contractor receive payment so that work is not disrupted.
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