Statute of Limitations for the Performance Bond Form – Highline School District

I am contacting you on behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of agencies employing professional surety bond producers, including licensed resident and nonresident producers placing bid, performance and payment bonds in the State of Washington and all other jurisdictions. NASBP was recently forwarded a copy of the performance bond (Bond) that is part of the solicitation for the Highline School District (District), New Middle School at Glacier Site (Project).

We have reviewed this Bond and have significant concerns about the lengthy statute of limitations in the Bond.

Read more…