Recommendations for Surety Bond Requirements in P3 Arrangements Involving Federal Resources – 06/27/2014

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States and its territories, I am pleased to submit the following recommendations concerning surety bonds for public-private partnerships (P3s). NASBP appreciates all of the hard work undertaken by the Special P3 Panel with the goal of improving the country’s ability to fully utilize all its resources to improve and strengthen the nation’s infrastructure.

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