Article Date: 09/30/2022

Government Waives Payment Bond – Subs Pay the Price

U.S. Court of Federal Claims

Constructora Guzman, S.A. v. United States

Case no.: 19-498

Date filed: September 7, 2022

Overview

The Court of Federal Claims has ruled that increased retainage from a prime contract provided indirect payment security to subcontractors after the government waived the payment bond requirement. However, it did not create a direct payment ... Log in to view the full text.

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