By: Robert E. Little, Jr.
Several months ago, I was asked to present testimony before House Subcommittee on Courts, Commercial and Administrative Law on the subject of individual sureties. In that testimony, I warned that legal precedent had had little effect on policing individual sureties. Using the example in the Tip Top Construction case, I
Performance Bond
Understanding Contractor Bonds
By Michael H. Payne on
Posted in Contractor Information Sources
Guest Post By: Kristen Bradley
The U.S. boasts a huge contract bond market as federal, state and local government agencies all utilize contract bond law to regulate professionals who work in the construction industry. Inevitably, some contracting firms find themselves unable to qualify for these bonds because they do not have the financial stability needed to…