Surety Association of Massachusetts News » Construction Law

Protected: Onerous Bond Form

webauthor — Wed, 23 Jun 2010 14:43:39 +0000

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Surety Update – Maine – Performance/Payment Bonds

webauthor — Fri, 16 Apr 2010 16:05:13 +0000

MAINE UPDATE (LD1639/HP1167)

John Murphy, AIA’s Northeast Regional Vice President, reports that LD1639/HP1167 was signed by the Governor on Tuesday April 13th and will take effect on July 12, 2010. The amendment sought by SFAA and AIA is included in the final version. As reported below the amendment requires performance and payment bonds or irrevocable letters of credit for any contractor performing construction work required by a public-private agreement with the Department of Transportation. The bond or letter of credit shall be in an amount equal to the cost of the construction work. Public Act Ch. 648 can be found at:

http://www.mainelegislature.org/legis/bills/display_ps.asp?PID=0&snum=124&paper=&ld=1639

Protected: Federal – End of First Session Report for 111th Congress

webauthor — Thu, 14 Jan 2010 14:54:51 +0000

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Protected: SFAA Legislative report – Oct/Nov ’09

webauthor — Thu, 12 Nov 2009 15:39:14 +0000

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Green building standards & surety bond liability report

webauthor — Mon, 02 Nov 2009 16:11:26 +0000

“…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

Protected: SFAA Annual State Legislative Reports for 2009

webauthor — Tue, 25 Aug 2009 18:57:47 +0000

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Protected: Surety & Fidelity July Legislative Reports

webauthor — Fri, 07 Aug 2009 17:09:19 +0000

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Protected: May State Legislative Reports

webauthor — Fri, 12 Jun 2009 17:18:41 +0000

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Protected: A312 payment bond sample letter

webauthor — Tue, 09 Jun 2009 16:11:20 +0000

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Protected: Monthly State Legislative Reports – January

webauthor — Thu, 12 Feb 2009 16:13:11 +0000

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