CONTRACTOR

Establishing Trusted Relationships with Bonding Agents: Tips for Subcontractors

Construction projects today are growing in complexity as labor shortages, supply chain issues, and rising costs persist. As a result of unpredictable risk exposures like these, surety bonds continue ...
Insurancenewsnet.com

Subcontractor’s ‘Substantial Compliance’ with Bond Statute Is Sufficient to Preserve Valid Bond Claim, ASA Tells Minnesota Supreme Court

ALEXANDRIA, Va., Nov. 6-- The American Subcontractors Association issued the following news release: If the Supreme Court of Minnesota does not reverse an appeals court's decision holding construction ...
JD Supra

The Power of Incorporation Compels You: Surety Succeeds in Compelling Contractor to Arbitrate Bond Claims Pursuant to Arbitration Clause in Subcontract

In Swinerton Builders, Inc. v. Argonaut Insurance Co., Swinerton Builders, a contractor, sued a surety on bond claims arising from defaults by its subcontractor on a series of work orders. The owner ...
Law

Construction Performance Bond; Rent Overcharge: This Week in Scott Mollen's Realty Law Digest

Scott Mollen discusses "JDS Dev. LLC v. Parkside Constr. Bldrs. Corp.," and Levy v. NYS Div. of Hous. & Community Renewal." Construction—Performance Bond—Noncompliance With Condition Precedent Bars ...
JD Supra

Pitfalls of the AIA Form of Performance Bond

When an owner requires a contractor to post a payment and performance bond, the contractor, invariably, provides a bond in the form of AIA Document A312-2010. The payment portion of the bond is ...