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 ...
An often-overlooked part of contract negotiations is the language included in the performance bond. While the owner or contractor (bond obligee) requires a performance bond and pays for it, ...
The Oklahoma Supreme Court has rejected a contractor’s performance bond claim due to the lack of adequate notice to the subcontractor’s surety (see Flintco LLC v. Total Installation Management ...
Performance bonds guarantee project completion, reducing investment risk. Investors can seek these bonds to secure against contractor failure. They provide a safety net, improving the reliability of ...
Bid bonds ensure project completion by guaranteeing funds and screening potential bidders. A bid bond transitions to a performance bond if the bidder wins, securing work quality. The Miller Act ...
LOS ANGELES, Aug. 13, 2025 /PRNewswire/ -- Surety Bond Authority, a leading provider of comprehensive surety solutions, today announced the release of its new, in-depth ebook, "The Contractor's ...
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