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Performance Bond Questions
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Performance Bond
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I have a contractor that has been paid for specific phases of a rehab project home in Grand Rapids. The bulk of these phases are either incomplete or not
even started and no one has been on the job for a couple weeks. What can I do? Thanks for your help! Mike Robins 775-833-1228
Michiganeven started and no one has been on the job for a couple weeks. What can I do? Thanks for your help! Mike Robins 775-833-1228
biding on projects, subcontractor's financial limit
CaliforniaWhy in many contracts, they seperating the advanced payment bond and the performance bond? Isn't it more handy to have one bond to cover all advanced
payment and performance if the term set both guaranty finishes at the same time?
New Yorkpayment and performance if the term set both guaranty finishes at the same time?
Are performance bonds typically capped at the value of contract? Who pays the delta if a subcontractor defaults and it takes $100000 more to complete the
work by others.
Texaswork by others.
I have a subcontractor requesting payment for their performance bond. The project is for DOT, just this week we completed precon meeting and finalized a
start date. No work has been done to date. We normally pay our subs once work has been completed, we have been paid then we pay our subs. ...Read More
Texasstart date. No work has been done to date. We normally pay our subs once work has been completed, we have been paid then we pay our subs. ...Read More
I'm a subcontractor working on a public works project and we have been referred to a surety bond company to obtain a bond for this job. We noticed there is
an indemnity agreement that binds both our company and owners in the event the bond is enforced. Is this common practice? Is there any other...Read More
Californiaan indemnity agreement that binds both our company and owners in the event the bond is enforced. Is this common practice? Is there any other...Read More
hello, what is it called when you request data from a company to confirm they can perform the work being asked to perform? thank you! Trying to confirm
the proposed contractors are actually qualified to perform the work.
Floridathe proposed contractors are actually qualified to perform the work.
I have sent several letters and followed the rules and I sent an fioa without a response What should I do
MississippiIf the principal of a construction company has a felony conviction, will that prevent his company from obtaining performance and payment bond?
TexasI have hired a GC and we are currently negotiating a lump sum price for the project. The owner plans on procuring a Payment and Performance bond on the
GC but the GC is also including the cost for procuring P&P bonds for each of the subs (to protect themselves) and then wants to pass this cost alo...Read More
VirginiaGC but the GC is also including the cost for procuring P&P bonds for each of the subs (to protect themselves) and then wants to pass this cost alo...Read More
Cost Engineering for Houston, Texas project location.
TexasMy company worked on a project and we were not paid. I file a claim against the performance bond but they denied the claim. So I file a mechanic's lien on
the building. Now, the attorney for the owner/building is trying to bond-off the lien by claiming that the lien is illegal. They are stating that the per...Read More
Texasthe building. Now, the attorney for the owner/building is trying to bond-off the lien by claiming that the lien is illegal. They are stating that the per...Read More
I had a small specialty contracting business, Finish Carpentry. I had a performance bond issued by an insurance company, upon my making a one-time
payment to the insurance company. I can't remember the name of the insurance company. I think I made a one-time payment to secure the bo...Read More
Washingtonpayment to the insurance company. I can't remember the name of the insurance company. I think I made a one-time payment to secure the bo...Read More
I submitted a bid for a prevailing wage project however the scope of work ended up being more than anticipated. We notified the General Contractor that
our company would be unable to perform. No contract had been signed. That same General Contractor has reached out asking for money for liq...Read More
Californiaour company would be unable to perform. No contract had been signed. That same General Contractor has reached out asking for money for liq...Read More
How would we look up to see if a commercial construction project is bonded?
Texas