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 for model contracts for public-private partnerships (P3s) being developed by the Department’s Federal Highway Administration as required by Section 1534(d) of P.L. 112-141 (Moving Ahead for Progress in the 21st Century Act or MAP-21). It is of the upmost importance that these model contracts include the protection of surety bonds for the construction portion of the contract.
Topic
Advocacy, Public Private Partnerships
Publish Date
May 31, 2013
Region
Federal
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond