Bond default manual
Fidelity and Surety Law Committee, Tort and Insurance Practice Section, American Bar Association, 1987 - Business & Economics - 187 pages
This work describes responses available to surety in the event of perfomrance bond default. It focuses particularly on financing, completing surety, tender of new contractor by surety, and owner completion.
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17 The Forum AIA Document AMERICA SURETY American Bar Association Anytown assignment attorneys Bank Bond Default bond form bond obligations bond penalty bonded contracts breach change orders complete the contract complete the project completing surety completion contractor Construction Contract contract balance contract funds contract price cost to complete cost-plus price court Crevolin Dark City debtor in possession Defaulted Principal deny liability executed Exhibit expenses Federal Acquisition Regulations Fidelity and Surety financing Former Contractor hereby hereto incurred indemnitors indemnity agreements Insurance Practice Section liquidated damages materials negotiate Number obligee Original Contractor paid parties payment bond penal sum performance bond surety prime contract principal's Relet Contractor retainage revolving line risk specifications subcontractors subrogation successful bidder supra note surety bond surety claims Surety Law Committee Surety's Investigation surety's rights takeover agreement tendering termination thereof Tort and Insurance unit prices unpaid warranties WHEREAS