I am contacting you on behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of companies employing licensed surety bond producers, including those resident and non-resident in the State of California. I was recently forwarded a copy of the Bid Bond (Bond) used by Chula Vista Elementary School District (District) for Site Work Preparation for One 132′ x 40′ Two-Story Classroom Building project (Project), with a forfeiture provision that gives NASBP cause for concern.
Topic
Advocacy, Bid Bond
Publish Date
January 7, 2015
Region
California
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond