On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of companies employing licensed surety bond producers, including those resident and non-resident in the State of Montana, I am contacting you regarding your failure to require performance and payment bonds on projects funded with monies from FEMA grants, which is in derogation of federal procurement requirements and Montana statutes. Such information has come to the attention of NASBP, prompting us to contact you and to request your immediate reconsideration of the decisions to waive performance and payment bonds on one or more of these projects.
Topic
Advocacy, Payment Bond, Performance Bond
Publish Date
February 8, 2013
Region
Montana, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond