My business (based in Washington State) is being requested, by a local City Agency, to provide a Payment Bond and a Performance Bond for window cleaning services. I do not know what these Bonds are, what function they perform, how to get them, or the cost associated with them. Help is appreciated....Read More
We are a school district in Colorado and we had hired a local contractor to install HVAC upgrades to three of our schools. Are we required to have a performance bond from him? The total am ount of the job bid is $993,000. Would a retainage fee of 5% be a better option?...Read More
I am a Sr. Project Manager for a large Florida based construction firm. In the past (with a previous company) we had never received Notice of Commencements from our Public Owners. We have just always recorded P&P Bonds for the project. The P&P Bonds cover letter for an upcoming...Read More...Read More
Bay Area GC kicked off public works job and needs to get paid (retention, unpaid scope work completed, and change orders). Is there an alternative to hiring an attorney to guide/submit claim? Or do we need an attorney for this process? Public works agency keeps telling us to 'file a govt claim'. What ...Read More...Read More
I am forming a roofing company and was planning to subcontract some work. I was looking into the bonding process and was told with the surety bond I was looking at I would not be able to subcontract anything out. I am curious to see what kind of bond or different licensing I would need to be able to ...Read More...Read More
We have a 5 year lease with customer. Contract is for over $5M. $1.4M is due upon completion of delivery and installation with the remaining due monthly for the remaining time frame. Would I issue bond for the full contract amount or for the portion associated to installation and delivery only?...Read More
What happens when the company pulls the permit and doesn’t inform the homeowner about the Notice of Commencement? Are homeowners just expected to know about it? The company I hired intentionally never told me about it or asked me to sign. Why wouldn’t the homeowners signature also be ...Read More...Read More
Client is unhappy with their GC’s pace of work, the GC is still performing, but behind schedule . They want me to take over the job, but the GC has yet to be terminated. What kind of legal risks am I facing from the client AND the GC in this situation?...Read More
I am being retaliated against by a group of nefarious individuals who place 'unwitting small business owners in a spider's web of unfairly weighted contracts with language intended to tie the hands and feet of unsuspecting businesses if they speak up and speak out when they realize these people are s...Read More...Read More
A lender is requiring a payment & performance bond on a commercial construction project. My question is, who gets the bond and who is it written to? I am thinking the GC for both?...Read More
I'm a subcontractor working on large park project. I finished my work a few months ago and our customer still has a balance on their account and pushing back to pay for the change order. I cannot find any bonds on this job, so I'm reaching out to see what my options are. ...Read More
I'm a prime contractor who has finished home repairs through a city subsidized program. For this program, we provide the estimates and the homeowner signs everything contractually with a contract with the City. We then sign the same contract. The homeowner paid their share but the City will not...Read More...Read More
If a main contractor asks a supplier for a 10% performance bond on total contract value say 8million pounds contract value. What in return should the supplier request of the contractor “ a payment bond” or other ?...Read More
I am the owner of a project, and my GC wants to get a bond on one of their subs that is asking for a large materials payment upfront. Who would be responsible for paying for that bond? Me, the GC, or do we split the cost?...Read More
I have applied for an owner-builder permit in Lee County, Florida. Do I need a payment bond for as an owner-builder remodel to record a Notice of Commencement....Read More