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August 16, 2019
Changes to bond claims, payment bond thresholds, and payment bond requirements have hit seven states so far this year: Missouri, Mississippi, Arkansas, Kentucky, Rhode Island, Wyoming, and Colorado. Here’s a …
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June 14, 2019
A “lien dissolution bond,” which can be filed to remove mechanic’s liens from a property, is one of many names or phrases given to bonds of this type. Some other …
May 13, 2019
Ahh, payment bonds and bond claims; a payment security often available for those furnishing to public and federal projects and even the occasional private construction projects. Before you can exercise …
April 29, 2019
Furnishing to a construction project in the Sooner State? Today’s quick read post is just for you! In this post we’ll review the steps needed to secure mechanic’s lien and …
April 22, 2019
An Alabama Court of Appeals has upheld a trial court’s decision: a subcontractor cannot recover its claim from the general contractor’s surety if the subcontract contains a contingent payment clause …
March 29, 2019
Private projects in Texas – mechanic’s lien or bond claim? Ordinarily I would say “Mechanic’s lien!” However, that may not always be the case. And be careful, because mechanic’s liens …
February 4, 2019
The construction credit world is chock full of industry-specific terms and definitions; sometimes it’s tough to keep them straight. “Bond” is one of those terms. Is it a payment bond, …
January 21, 2019
What do you call the collective group of parties on a construction project? (Sounds like the start of a fun dad-joke!) We often refer to the collective parties as the …
January 11, 2019
We know mechanic’s liens can be bonded off, we’ve discussed it before. But it’s a topic that can be quite confusing, especially when each state treats the bonds a bit …
December 21, 2018
Yes, that’s right. New Jersey Senate Bill 865 affords local governments, public schools and other public authorities to enter into Public Private Partnerships (aka P3). Previously, P3 legislation was limited …
November 12, 2018
The Miller Act is federal statute that requires payment bonds on projects contracted by the United States. We’ve previously discussed the Miller Act, but this post is going to take …
October 26, 2018
For material suppliers furnishing to public projects in Louisiana, one court recently handed down a decision that notices of non-payment aren’t required. Even though the court has deemed a notice …
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Education Center