Article Date: 06/17/2016


Editor’s Notes


By Bruce Jervis

 

Public works payment bond statutes require prime contractors to furnish payment bonds for the protection of parties that provide labor or materials to the project. For subcontractors and suppliers, which are unable to lien public property, these bonds are the only effective form of payment assurance.

 

The bond statutes generally ... Log in to view the full text.

 



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