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Letter of Credit Construction
What used to take me hours now takes me just minutes. I can plan and schedule my job again.
No longer am I searching the web for the right resource, files.construction has all of the documents I need to do my job.
Each of my teams now uses the same documents across their projects - keeps us all on the same page.
Letters of credit are often used in the construction industry to ensure that work get’s completed. A real estate developer may issue a letter of credit to a town that guarantees that work will be completed, and if not the town is entitled to money from the corporation.
This is a standard practice. A letter of credit can be confusing and if issued incorrectly may not be legally binding.
Use this letter of credit to ensure that you are providing the proper guarantee to people that need it.
01 – General
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