The NASBP strongly supports an amendment to H.R. 1 that would increase the maximum bond amount available for a bond guarantee issued by the Office of Surety Guarantees of the U.S. Small Business Administration from $2 million to $5 million. Such an increase in the maximum bond amount of the SBA Bond Guarantee Program is critically needed for small businesses wishing to perform public construction contracts.
Topic
Advocacy, Small and Disadvantaged Business Matters
Publish Date
February 2, 2009
Region
Federal
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond