Bonds on P3 School Construction in Harford, Prince George’s and Washington Counties

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States and in Maryland, I am pleased to submit to the Commission the following comments, questions, and considerations. In this session, legislation (SB 92) was signed into law establishing P3 Pilot Programs for school construction in Harford, Prince George’s and Washington Counties. The law authorized the Commission to create regulations, but it was silent on performance and payment bond requirements, which have been long-standing and essential security features of state and local construction procurements.

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