Arizona Contractors License Practice Exam

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Prepare for the Arizona Contractors License Exam. Practice with interactive quizzes, flashcards, and detailed answer explanations. Pass your test with confidence!

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What type of bond guarantees protection against defective workmanship for one year?

Performance bond
Maintenance bond
Bid bond
Insurance bond

The correct answer is: Maintenance bond

A maintenance bond is specially designed to protect against defective workmanship over a specified duration, typically one year. This bond ensures that, if there are any defects in the work completed by a contractor during that time, the contractor is obligated to correct those defects. This assurance provides peace of mind to the project owner, knowing that any issues arising from substandard workmanship will be addressed without additional costs. In contrast, a performance bond focuses on the completion of a project according to the contract's terms. This type of bond is more about ensuring that the contractor fulfills their contractual obligations rather than specifically addressing workmanship quality after completion. A bid bond serves to guarantee that a contractor will honor their bid and subsequently enter into a contract if selected, while an insurance bond typically involves coverage related to damages or liabilities rather than defective workmanship. These distinctions underscore why a maintenance bond is the correct choice for guaranteeing protection against defective workmanship for one year.