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Retention Bond

ABC Construction has $1 million of retention monies with the main contractor, XYZ Builders. ABC Construction needs a sum of money to pay for additional machinery for expansion. They will then request XYZ Builders to release the retention monies via the issuance of a Retention Bond from an insurance company. Upon the agreement from XYZ Builders, with the extra $1 million, ABC Construction can next successfully go through with their expansion plans.

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Name : Hellen Sim
Email  : hellensim@awginsurance.com
Contact : 6922 7268