On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association representing firms employing surety bond producers, including licensed resident and licensed nonresident agents placing contract surety bonds in Arkansas, I am contacting you about a requirement stated in Bid No. 14-02 for the construction of water and sewer mains in the vicinity of Bella Vista Bypass, in Bentonville, Arkansas. Specifically, my concern is with Section 14, Bid Security, which calls for the attorney-in-fact to be a resident agent of Arkansas.
Topic
Advocacy, Bid Bond, Contract Surety
Publish Date
February 3, 2014
Region
Arkansas, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond