By NASBP, published in NASBP Surety Bond Quarterly winter 2014 issue.
Surety bonds on a public construction project offer an owner the best possible fiscal and risk management tool.
Topic
Bid Bond, Construction Firm Professional Relationships, Construction Law and Contracts, Construction Risk Management, Contract Surety, Dispute Resolution, Indemnity, Payment Bond, Performance Bond, Prequalification, Private Equity, Public Private Partnerships, Risk Management & Insurance, Subcontractor Default Insurance (SDI), Surety Verification, Underwriting
Publish Date
December 12, 2014
Audience
Architects, Bankers, Contractors, Owners
NASBP opposes HB 508 S3 which gives the UT Division of Facilities Construction Management the discretion to remove statutory performance and payment bonds.