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Medium-sized industrial electrical firm

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Question

An American, medium-sized industrial electrical firm is bidding on a sub-contract with a large British construction firm building a major hydro project in Paraguay. As a requirement of submitting a bid, they are required to provide the construction firm with a bid bond of 1 million USD, 1 percent of the contract value. Who should the industrial electrical firm approach to obtain the bond?

Reference no: EM133399214

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