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Dear Felix

Since our discussion the other day on the phone, I have given more thought to your underwriting process. You said that your company does not require bonds from construction firms building your projects. Although I’m sure your management has given this careful consideration, you might want to reconsider the option of bonding as a mechanism for transferring the risk in that Hylink project.

I’m enclosing an article I found while thumbing through my files. It answers many of the key questions you asked the other day. Does this make sense in your situation?

Regards
Lydia









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