Tag

contract performance bond

A Demolition Contract Performance Bond Will Not Cover an Accident

In June of this year, a demolition contractor hired to remove the Regency House Building in Texarkana, inadvertently brought down an adjacent building. The contractor had been required to offer a bond however, a demolition contract performance bond will not… Continue Reading →

Proposed Changes in Federal Performance Bond and Payment Bond Forms

On October 19th, 2015, the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) jointly proposed a Rule which will change the standard federal performance bond and payment bond forms prescribed by the Federal… Continue Reading →

Performance Bonds Under the Miller Act

This law has been on the books for a LOOOOOONG time and its not news to contractors, CPAs and attorneys who deal with contract surety bonding on a day to day basis.  We came across this very good piece wanted… Continue Reading →

Rule on National Defense Authorization Act Surety Bond Program

The Federal Register has issued a proposed rule to conform the regulations governing the Surety Bond Program to certain provisions of the 2013 National Defense Authorization Act (“NDAA”). Specific changes proposed are: Increasing the contract amount which the Small Business… Continue Reading →

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