Thank you for taking the time to discuss issues of concern with the National Association of Surety Bond Producers (NASBP). We are delighted to learn that the Committee on Small Business intends to introduce a legislative solution sometime this Fall that will ensure that procurements for construction will be scrutinized for improper contract bundling, enabling many more small construction businesses to compete for award of construction contracts as prime contractors. Should Chairwoman Velazquez decide to conduct a hearing investigating the impact of improper contract bundling on small construction businesses, NASBP would appreciate an invitation to provide an NASBP member to testify about how improper contract bundling is impacting the ability of small construction firms to compete for federal contract awards.
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NASBP Letter Addressing Locality Requirements in VA Bid Bond