Current News

Federal Court Holds No-Damage-for-Delay Clause Unenforceable Against Subcontractor

The new standards will change contractors’ balance sheets, potentially violating debt covenants on loan agreements.

Creditors have rights to proceed against a trustee’s bond if the trustee steals or fails to properly manage the estate.

NASBP’s survey revealed major findings and trends identified by NASBP surety company executives.

The assumption by courts for the duty to proceed is strong in construction projects, while the right for contractors to stop work is available in only limited circumstances.

Legal risks remain for the industry as stakeholders await the federal government’s next move.

How to take seriously the role of character in assessing the risk assocated with issuing a bond on behalf of a contractor.  For more, go to the summer issue of Surety Bond Quarterly

A court decision points to the possibility that sureties and bond producers may be held liable for their principals’ fraudulent receipt of payments from the government. For more, go to the summer issue of Surety Bond Quarterly

View them at the NASBP PR Campaign website. For more, go to the summer issue of Surety Bond Quarterly.

This new market offers bond producers the opportunity to help find a surety with an appetite for underwriting solar bonds. For more, go to the summer issue of Surety Bond Quarterly.