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 licensed nonresident agents placing contract surety bonds in Pennsylvania, I am contacting you about a requirement stated in the “Bid for Capping for the Delaware County Solid Waste Authority,” located in Earl Township, Berks County, Pennsylvania. Specifically, my concern is with Section 19.4, which requires the bid bond to be signed by a “Pennsylvania Licensed Resident Agent.” There is no statute or law in Pennsylvania that provides a preference to licensed resident agents versus licensed non resident agents.
Topic
Advocacy, Bid Bond
Publish Date
April 11, 2012
Region
Pennsylvania, States
Audience
Agents, Contractors, 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