Bid bonds are used when companies are bidding on jobs, primarily those provided by government or public entities. These bonds ...

Almost all public construction projects ... In any of the above instances, if the contractor has obtained a valid contract bond prior to commencing work on the project, the project owner (the ...

In India's rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount.

A surety bond is a sort of promise that a company will follow through with its work as expected, with serious financial ...

The city of Fayetteville has filed a lawsuit against a contractor that abandoned three city projects. This is what's in it.

Understanding Surety Bonds in the Construction Context A surety bond is a tripartite agreement involving three parties: * Principal - The contractor or EPC company undertaking the project.

Berkley says it has had to spend money for several of the 10 Davila Construction projects for which it had provided bonds. The work includes three contracts worth $9 million for the city of San ...

Governor Tate Reeves has signed it into law, meaning that long-discussed construction should finally ... lawmakers authorized $55 million in bonds. That means that’s how much they’re willing ...