This NASBP comment letter discusses the importance of mutual waivers of consequential damages clauses.
Topic
Advocacy, Bid Bond, Contract Surety, Procurement and Delivery Methods, Risk Management & Insurance, Small and Disadvantaged Business Matters
Publish Date
March 7, 2025
Region
Federal
Audience
Agents, Contractors, Owners, Sureties
Resource Type
Comment Letter
NASBP opposes IL HB 5042 to raise the threshold to $10M for IL DOT and $5M for state/local contracts