Transcription of 44 appendix final - fullertonlaw.com
{{id}} {{{paragraph}}}
Example: marketing
44 appendix final - fullertonlaw.com
appendix 44 | Construction Law Survival Manual | | James D. Fullerton, Esq. 609 Construction Bonds on Public Projects (Reprinted with permission from NACM s Manual of Credit and Commercial Laws, 104th edition) What is a construction surety bond? A bond is a contract or a guarantee agreement which contains the promise of a third party, a bonding company or surety, to pay a fixed sum if certain acts are not performed. The acts are typically non-performance or non-payment. A surety bond is not an insurance policy. Rather, a surety bond is a guarantee, in which the surety guarantees that the contractor, called the principal in the bond, will perform the obligation stated in the bond.
APPENDIX 44 | Construction Law Survival Manual | www.FullertonLaw.com | James D. Fullerton, Esq.!609 Construction*Bondson*Public*Projects* (Reprinted with permission from NACM’s Manual of Credit and Commercial Laws, 104th edition) What is a construction surety bond? A bond is a contract or a guarantee agreement which contains the
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Mitigate Risks with Contractor Prequalification, Contractor and Subcontractor HSE Prequalification, Contractor and Subcontractor HSE Prequalification Questionnaire, CONTRACTOR'S PREQUALIFICATION, CONTRACTOR'S PREQUALIFICATION STATEMENT/APPLICATION CON-16, Connecticut, Document A305 Contractor’s Qualification Statement, Document a305 • contractor’s qualification statement, Environment, Safety & Health Guidelines for Contractors, Prequalification, Subguard versus surety bonding, CONTRACTOR