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 non-resident agents placing contract surety bonds in North Dakota, I am contacting you about a requirement stated in the Bidding Documents of Venture Project No. 130014, for the Burleigh & Morton County Detention Center, specifically Section 11.4, “Performance Bond and Payment,” which states the owner has the right to “waive either or both bond requirements.” NASBP believes such waiver would be a violation of North Dakota’s statutory requirements.
Topic
Advocacy, Bid Bond, Contract Surety
Publish Date
February 5, 2015
Region
North Dakota, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
Resident Agent Countersignature Requirement for the City of Alexandria, VA