But since TGB filed its appeal immediately following this decision, we could see the argument again, in its effort to fashion “subguard” coverage from a performance bond
Surety bonds on construction contracts provide critical prequalification of a bonded contractor and financial protection for the owner and certain subcontractors and suppliers. Architects who are knowledgeable about bonds are well positioned to advise owners about these premier project risk...
On August 27, 2013, NASBP submitted the attached comment letter to the Chair of Cuyahoga County's Council Committee on Public Works, Procurement & Contracting. This committee had introduced a proposed ordinance that would allow the county discretion when including performance and payment bonds...
NASBP Comments Regarding Proposed Ordinance 2013-0018.pdf
NASBP_What Are SB_Final.pdf