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Surety
Bonds: Getting the Job Done
Behind performance and payment surety
bonds lies a very simple, yet very powerful concept:
owners are assured that the contractor will perform
the work and pay certain subcontractors, laborers
and material suppliers.
Getting
Performance From the Performance Bond
A default on a performance bond presents
unique challenges and issues. Each party may have
different expectations.
An
Overview of the Claims Process
The following excerpts are from An Overview of
the Contract Surety Bond Claims Process, developed
by Associated General Contractors (AGC) Surety
Bonding Committee.
Executive
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2004
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