X
11Oct

Language in Performance Bond Critical in Determining Surety’s Rights to Complete

If an owner terminates a contractor due to a contractor default on a bonded project, can the surety hire the same contractor to complete the work under the bond? Depending on the language of the bond, it may be permissible in Florida....
By: Saul Ewing Arnstein & Lehr LLP
Source Url: https://www.jdsupra.com/legalnews/language-in-performance-bond-critical-61797/

Related

Foreclosure Deficiency: Construction Loan vs. Home Improvement Loan

In a recent Arizona Court of Appeals case, Helvetica Servicing, Inc., v. Pasquan, 2019 WL 3820015, (...

Read More >

HSR Thresholds Will Increase for 2020 Transactions

Size-of-transaction threshold under Hart-Scott-Rodino Act will increase to $94 million. On February...

Read More >

Qualified Retirement Plan Considerations and 2019 Year-End Action Items

Our Employee Benefits & Executive Compensation Group reminds plan sponsors to get ready for 2019 IRS...

Read More >

USCIS Announces Timeline for FY 2021 H-1B Electronic Pre-Registration Process

On December 6, 2019, USCIS announced that it officially plans to implement the electronic H-1B regis...

Read More >

The “Negligent Negotiations” Theory of Recovery – Is it a Go or No Go at the Boards of Contract Appeal? Part 2

Attention contractors – have you heard about “negligent negotiations”? A trio of interesting – b...

Read More >

Providers and Suppliers: Do You Have Skeletons in Your Enrollment Closet?

On September 10, 2019, the Centers for Medicare & Medicaid Services (CMS) published a final rule sig...

Read More >