“…Those [insurance] products have been amended to address (green building) risks, but as far as a guarantee that (contractors) will achieve (a specific certified green building) status, that really is not something we have seen in the normal casualty market,” Mr. Becker said. A contractor’s failure to deliver a certain certification could fall under a surety bond remedy, Mr. Becker said. “But even the bonding companies are being pretty darn careful…whether or not they will agree to bond that guarantee,” he said…”
http://www.businessinsurance.com/article/20091101/ISSUE03/311019996
Filed under: Construction Law, Surety Legal Issues
