| namely the funds allocated for the project, are lienable, at least in calculate mortgage amortization states. To protect subcontractors and suppliers of US federal government construction projects where the contract price exceeds $100,000.00, the Miller Act (40 U.S. Code 3131) requires general contractors to give a surety bond which guarantees payment for work done in accordance with the terms of the contract. Many state and municipal governments also require contractors on public calculate mortgage amortization projects to be bonded. The |
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