Article Date: 07/28/2008

PAYMENT BOND CANNOT APPLY TO PRE-CONTRACT COSTS

United States Court of Appeals for the Eighth Circuit

Larson v. Granite Re, Inc.

No. 07-1186
July 7, 2008

Overview

A federal appeals court has ruled that although a payment bond may cover costs incurred prior to issuance of the bond, it cannot apply to costs incurred prior to execution of the bonded contract.Background

Gerald Martin ... Log in to view the full text.

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