By Thomas A. Littlefield of Old Republic Surety, an article published in the November/December 2021 NASBP Pipeline. This article describes critical contract clauses for a contractor’s risk-mitigation strategy, including the no-damage-for-delay clause and cross-project setoffs.
Topic
Construction Law and Contracts, Construction Risk Management
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