What is a subdivision contractor?

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The use of subdivision bonds in construction projects has become widespread throughout most of Australia, and are a key part in the awarding of contracts to companies who undertake infrastructure work on behalf of local councils and local government. A subdivision contractor is any company who is involved in doing any of the work and who has agreed to lodge such a bond with local authorities. A subdivision bond is essentially a type of insurance policy that the contractors will agree to, that protects the council or local authority in the event that the construction or engineering company either fail to complete the work in time, or to make sure that the infrastructure project is delivered to the agreed standards in all its areas.…

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