On behalf of the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers and brokers, whose membership includes licensed resident bond agents and licensed non-resident bond agents conducting business in Louisiana, I am writing you to respectfully request your prompt review of resident agent countersignature requirements placed in a recent contract bid solicitation for the Parking Garage and Shell Space at Louisiana State University located in Baton Rouge, LA for Project Number 19-601-98B-05, Part 6. It has come to my attention that the Office of Planning and Control is requiring that bid bonds be “countersigned by a person who is under Contract with a surety as a licensed agency in this State and who is residing in this State.”

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Topic
Advocacy, Bid Bond, Contract Surety
Publish Date
November 22, 2010
Region
Louisiana, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map