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The Contract Surety Bond Claims Process--AGC

Posted By: Martha L. Perkins April 24, 2014 10:45 am

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This 7-page document, developed by the Associated General Contractors of America, with input from NASBP and SFAA, provides owners, contractors, subcontractors, and other construction industry stakeholders with a basic understanding of the contract surety claims process. This new document is an updated version of a popular document developed by AGC in 2004. This information guide is in a question-and-answer format and provides information on types of contract surety bonds, what obligees should expect in performance default situation, what a claimant should expect in a payment bond claims situation, and many other topics.
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