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Federal appeals court rules in favor of surety on bond because of "pay-if-paid" clause
NASBP SmartBrief | May 24, 2012
A federal appeals court has upheld a lower court's decision that a surety was not liable under a payment bond in a case involving a "pay-if-paid" clause. In the case, which involved the construction of a facility for manufacturing automobile transmissions, a second-tier subcontractor filed a lawsuit seeking payment after the owner filed for bankruptcy. The court found that "pay-if-paid" clauses are allowed in Indiana. Lexology.com (free registration) (05/14)
Bond amount is questioned after seed company goes out of business
NASBP SmartBrief | May 10, 2012
Automation can enhance efficiency in writing small bonds
NASBP SmartBrief | May 17, 2012
Calif. officials, surety work to finish $60.8M highway project after contractor default
NASBP SmartBrief | May 24, 2012
N.C. beach park to be rebuilt after bonding company secures a new contractor
NASBP SmartBrief | May 03, 2012
Performance bond to ensure Calif. bridge project is completed after contractor default
NASBP SmartBrief | May 03, 2012
Canadian surety: Deal with contractor is "most efficient and effective way" to finish bridge
NASBP SmartBrief | May 17, 2012
Surety selects contractor to complete Miss. Transportation Department building
NASBP SmartBrief | May 03, 2012
Agreement with bonding company would bring new contractor to finish Ontario bridge
NASBP SmartBrief | May 10, 2012
Surety: Reservoir contract must be ratified before Ohio city's bond claims are considered
NASBP SmartBrief | May 17, 2012
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NASBP June 5 Virtual Seminar: "A Producer's Guide to Building Your Practice -- Identifying, Evaluating, Maintaining, and Working Your 'Top 120'"
NASBP SmartBrief | May 24, 2012
Learn how laws affect contractors who perform federal work -- NASBP Federal Contracting Workshop, June 27 and 28 -- special hotel-rate cutoff is today
NASBP SmartBrief | May 24, 2012
Time to plant and grow your book of business: Attend the DOT Bonding Education Programs in Oakland, Calif.; Montgomery, Ala.; Oklahoma City; and Louisville, Ky.
NASBP SmartBrief | May 17, 2012
NASBP Regions 8, 9, 10 and 11 meeting in Washington, D.C. -- hotel cutoff is next week
NASBP SmartBrief | May 17, 2012
Come to D.C. to advocate for surety -- NASBP Legislative Fly-in on June 26
NASBP SmartBrief | May 10, 2012
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