Contractual risk transfer is the use of contractual obligations to pass on a potential risk to another party
This type of insurance is recommended for anyone with a financial interest in a property that is being built or renovated
Having a contract with the federal government is one such exception, and an interrelated exception falls under the Severin doctrine
Subcontract retainage is also capped at 5% but in no case may it exceed that of the prime contract, as it was with the prior law
However, a great deal of information about privately held borrowers is also likely subject to public disclosure under the Freedom of Information Act (FOIA)...Generally, proprietary data on a borrower is not routinely made available upon third party requests
Why You Should Pursue an AFSB Designation: NASBP Members Weigh In Looking to turbocharge your surety career?...“The AFSB designation is a challenging curriculum, as it should be,” said Lear