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 non-resident agents placing contract surety bonds in Utah, I am contacting you regarding proposed rule for the General Procurement Provisions specifically the Section located in R-23-1-1102, (6) “Waiver,” which allows the Director to waive bonding if the “Director finds circumstances in which the Director considers any or all of the bonds to be unnecessary to protect the state.” The proposed rule expands upon R-23-1-40 (6) “Waiver” and creates uncertainty and ambiguity as to when the Director may waive statutory bonding requirements.
Topic
Advocacy, Contract Surety
Publish Date
February 18, 2015
Region
States, Utah
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond