Directed surety occurs when owners designate a specific producer or surety company from which contractors must obtain surety bonds for a specific project or series of projects.
Who prohibits directed suretyship?
- The federal government prohibits directed suretyship on federal projects.
- 42 states have statutory prohibitions against directed suretyship.
The state Anti-Directed Surety Statute citation is shown below. A version of this resource in chart form is available here.
Neb. Rev. Stat. § 52-118
For more information, contact Larry LeClair.
Topic
Advocacy
Publish Date
November 5, 2024
Region
Nebraska
Audience
Agents, Contractors, Owners, Sureties
Resource Type
Anti-Directed Surety Statutes, Resource Map
Supporters Request H.R. 1285, the Water Infrastructure Subcontractor & Taxpayer Protection Act, Receive Markup Which Is Pending Before the Transportation & Infrastructure Committee