By Stephen Ducharme of Old Republic Surety, an article published in the November/December 2023 NASBP Pipeline. This article discusses how selling a construction business can affect the company’s bond program.
Topic
Construction Firm Professional Relationships, Construction Risk Management, Ownership Transition
Publish Date
November 20, 2024
Audience
Contractors
Resource Type
Article
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds