Sureties are examining the bonding preferences of P3 participants

12/4/2013 | Engineering News-Record

Several surety companies are working on a new kind of completion and payment bond aimed at letting developers and project leaders make a cash claim, according to speakers at a construction insurance conference. In this arrangement, the surety would continue to fulfill the bulk of the guarantee by investigating and handling the completion of the claim. No projects to date appear have used the bonds, according to this article.

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