On behalf of the National Association of Surety Bond Producers (NASBP)1, a national trade association of firms employing professional surety bond producers licensed and conducting business in Oregon and throughout the United States, I am contacting you regarding a shift in policy where the County no longer requires bidders to furnish bid bonds on public works contracts. It is NASBP’s understanding that this policy change came into being under the belief that waiving bid bonds would facilitate contracting opportunities for small and disadvantaged businesses. If that is the rationale, it is mistaken for the reasons further enumerated herein.
Topic
Advocacy, Bid Bond, Small and Disadvantaged Business Matters
Publish Date
July 10, 2023
Region
Oregon, States
Audience
Owners
Resource Type
Comment Letter, Resource Map
Supporters Request H.R. 1285, the Water Infrastructure Subcontractor & Taxpayer Protection Act, Receive Markup Which Is Pending Before the Transportation & Infrastructure Committee