Article Date: 06/17/2016


Public Project Owner Not Liable for Worthless Payment Bond


A public project owner met its statutory obligation when approving a payment bond as to form and financial capacity. When the surety became insolvent and the bond worthless, an unpaid subcontractor could not recover payment from the owner. This was true even though the public project owner had received the value and benefit of the sub’s work.

 

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  •  A summary of the ruling
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  •  Editor's commentary
  •  A link to the complete PDF copy of the original opinion

 



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