On January 15, 2019, Governor Cuomo issued Executive Order 192, radically upending the current system of reviewing vendor responsibility, placing contractors and all vendors doing business with the State at overwhelming and unmanageable new risk. Executive Order 192 applies to any finding of “non-responsibility” by an agency to all agencies, public authorities and “state funded entities” (i.e., local governments, school districts and potentially private entities receiving state funding). This essentially amounts to a back-door debarment.
Topic
Advocacy, Contract Surety, Risk Management and Insurance
Publish Date
September 13, 2021
Region
New York, States
Audience
Agents, Contractors, Owners
Resource Type
Comment Letter, Resource Map
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds