Rim of the World Unified School District Mary Putnam Henck Intermediate School Modernization Project Phase III

I am contacting you on behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of surety bond producers, including licensed resident and nonresident producers placing bid, performance, and payment bonds in the State of California and all other jurisdictions. NASBP was recently forwarded a copy of the Bond Forms (Bid Bond, Performance Bond, and Payment Bond) and the Agreement for use on the Rim of the World Unified School District (District) Mary Putnam Henck Intermediate School Modernization Project Phase III, Contract Bid No. MPH 2013/14:1-11 (Project). We have reviewed these Bond Forms and the Agreement, and the terms and conditions of these forms give NASBP great concern. More specifically, we believe that these bond and agreement terms and conditions are counter to prevailing surety and construction industry practices and to the market reputation of the District as a desirable procurer of construction services.

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