I am contacting you on behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of agencies employing surety bond producers, including licensed resident and nonresident producers placing bid, performance, and payment bonds in the Commonwealth of Pennsylvania and all other jurisdictions. NASBP was recently forwarded a copy of the bid package for the City of Reading’s (City) Fritz Island Wastewater Treatment Plant Upgrade Project (Project). We have reviewed the bid package for the Project, and the terms and conditions of these documents give NASBP great concern. More specifically, we believe that many of the terms and conditions of these documents are counter to prevailing surety and construction industry practices and to the market reputation of the City as a desirable procurer of construction services.

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Topic
Advocacy, Bid Bond, Construction Law and Contracts
Publish Date
October 19, 2015
Region
Pennsylvania, States
Audience
Contractors, Owners
Resource Type
Comment Letter, Resource Map