What are the three major types of construction bonds? Why are they required? Also, name three factors that affect bonding capacity of construction contractors and describe each factor.

Paper Requirements:

• Your paper should be two to three pages long, not including the required title page and reference page. Nor does the page requirement include any supplemental pages, should you use them, such as appendices.
• Properly organize your writing and include an introduction, headings/subheadings for the body of your work, discussion recommendations, and a conclusion.
• Format your entire paper in accordance with the APA Style
• Support your statements by relying upon, properly incorporating, and citing at least one of this week’s required or recommended readings (Construction Management; jumpstart) and one outside reference (a peer-reviewed, current scholarly article published in the last five years)