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7 Feb 2012, 5:55 am
Today’s Lesson: Contractor Bonds One of the most common questions that I get is whether a contractor’s bond is available for a claim. [read post]
21 Sep 2013, 2:59 pm
It sought payment under a bond obtained by the general contractor, APM, from Travelers Insurance. [read post]
2 Sep 2021, 9:04 am
For a contractor, one of the biggest differences between insurance and bonding is which entity takes on the risk; an insurance policy transfers the risk to the insurer, while a bond ultimately keeps the risk with the bonded contractor. [read post]
11 Jan 2019, 12:00 pm
In sum, Contractors should not assume that the absence of bonding requirements in a contract means that the contractor will not be obligated to obtain them later. [read post]
13 Apr 2020, 12:37 pm
The post Conditional Payment Bonds: Owners and Contractors Beware appeared first on Jimerson Birr Law Firm. [read post]
13 Apr 2020, 12:37 pm
The post Conditional Payment Bonds: Owners and Contractors Beware appeared first on Jimerson Birr Law Firm. [read post]
25 May 2010, 8:35 am
Contractor Bond Claims – Hosea v. [read post]
26 Apr 2018, 7:39 am
In a much anticipated decision, the Supreme Court of Canada has recently held that a contractor which is a trustee under a payment bond has an obligation to advise sub-contractors of the existence of the bond applicable to the project. [read post]
20 May 2018, 9:17 am
When the owner of a property hires a contractor in Florida, they will typically want to have the contractor secure a performance bond in place prior to starting the project. [read post]
27 Apr 2015, 6:33 am
When a contractor requires a subcontractor to obtain such a bond, does the contractor have a duty to tell the subcontractors about the existence of the bond so that they can make a timely claim under it, particularly when the contractor is shown in the bond to be a trustee for those subcontractors? [read post]
15 Mar 2017, 2:06 pm
If a claim is asserted against a contractor performance bond, the surety is going to look to the contractor to defend the lawsuit and to pay any damages. [read post]
24 May 2021, 9:19 am
On many construction projects, the general contractor may be required to furnish a performance bond. [read post]
24 May 2021, 9:19 am
On many construction projects, the general contractor may be required to furnish a performance bond. [read post]
17 Oct 2017, 5:00 am
Contractors working on public projects should be familiar with the requirements of Florida Statute §255.05. [read post]
26 Jan 2022, 11:32 am
by Rafael Boza If you are a construction contractor, you deal with performance bonds as part of your business and daily work. [read post]
10 Jan 2011, 2:51 am
Many of the contractors in the state of Washington obtain their registration bonds from Contractor's Bonding and Insurance Company (CBIC). [read post]
21 Aug 2022, 11:35 am
This can put the obligee, whether an owner holding its general contractor’s performance bond or a general contractor holding its subcontractor’s performance bond, in a difficult spot. [read post]
21 Feb 2007, 10:21 am
The paltry $12,000 bond required under the current Contractor Registration Act would be increased to $75,000 for contractors with gross revenue of more than $7.5 million and to $50,000 for contractors with gross revenue of $2 million or more under... [read post]
22 Aug 2018, 12:00 pm
However, many performance bonds such as the AIA A312 bond require the owner to provide notice to the surety that the owner is considering declaring the contractor in default and seeks a conference with the contractor and its surety to be held within 15 days of their […] The post Preserving Claims Made Against Performance Bonds on Construction Projects, NYREJ appeared first on Kaufman Dolowich Voluck LLP. [read post]
25 Dec 2015, 10:00 am
A contractor purchases a bond from a third party surety, which assumes responsibility for payment if the government fails to pay. [read post]
