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 and Insurance, Small and Disadvantaged Business Matters
Publish Date
March 7, 2025
Region
Federal
Audience
Agents, Contractors, Owners, Sureties
Resource Type
Comment Letter
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds