I wish to make you aware of concerns that the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers, whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States, has regarding recent process changes on the submission of payment and performance bonds on Wal-Mart construction projects. Please see the attached letter, dated yesterday and sent to Mr. Brad Roberts, outlining our concerns and comments. NASBP would welcome a dialogue with your office for the purpose of exploring alternatives to or clarifications of these new process changes.

Read more…

Topic
Advocacy, Construction Law and Contracts, Contract Surety, Payment Bond, Performance Bond
Publish Date
June 15, 2011
Region
Arkansas, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map