I am contacting you on behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of companies employing licensed resident and nonresident surety bond producers placing bid, performance, and payment bonds in the State of Texas and all other jurisdictions. NASBP recently became aware of the contract documents and bond forms for the Harris County Toll Road Authority (County)-Tollway Ship Channel Bridge Replacement project (Project). NASBP has significant concerns about some of the terms and conditions of these documents and believes that such provisions will likely decrease the number of contractors that submit proposals for the Project and, in addition, will likely increase the cost of the Project.
Topic
Advocacy, Contract Surety, Forms
Publish Date
June 29, 2017
Region
States, Texas
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP supports the BUILD America 250 Act which authorizes $580 billion for highways, and other federal programs for FY2027–FY 2031