This NASBP comment letter discusses the impacts of a project owner requirement that companies furnishing bonds for contracts have an A.M. Best Co. minimum financial strength rating exceeding “A-“.
Topic
Advocacy, Contract Surety, Prequalification, Risk Management & Insurance, Small and Disadvantaged Business Matters
Publish Date
March 7, 2025
Region
Federal
Audience
Agents, Contractors, Sureties
Resource Type
Comment Letter
NASBP opposes H.944 which raises the bond threshold for VTDOT projects