Bonds Telephone Seminars

Construction Payment Bond Fundamentals ...derstand first the normal parameters and terms of payment bonds. We will provide practical tips associated with either pursuing or responding to payment bond claims. A lack of understanding as to how payment bonds work and what they are intended (or not intended) to cover may lead to lost opportunity or financial losses. This program is critical for management and operations personnel who want  more...

Surety Bonds and Contract Provisions BenefitsWhile there are many general rules of suretyship, a performance bond is a tri-partite agreement among owner (oblige), contractor (principal) and surety (obligor). The surety acts as the guarantor of the contractor's performance. The rights, duties and obligations of the parties will be determined by the rules of contract interpretation. Key areas of potential dispute focus on the surety's  more...

Obtaining Surety Bonds for Construction Projects BenefitsThe current heightened risk environment caused by increasing contractor failures have raised concerns in the surety markets, however underwriting standards have not materially changed. What has changed is that sureties are more closely scrutinizing contractors' balance sheets and underwriting information to meet these standards and this trend will remain until the construction industry  more...

Taxation Issues When Conducting Business With Native American Tribes ... authority for American Indian tribes to issue tax-exempt bonds for projects on American Indian lands and a $500 million investment of funds for infrastructure, renewable energy, tribal detention facilities and other such projects. As the stimulus measures give rise to specific development projects in American Indian country and as Native American tribes continue to diversify their own economic  more...

Construction and the Uniform Commercial Code BenefitsHow and when does the law of sales affect the rights and responsibilities of the parties in a construction project? Construction contracts are service contracts and sales of personal property contracts are contracts governed by Article 2 of the Uniform Commercial Code. What are the theoretical and practical differences between the two types of contract? When is the sale of goods simply  more...

AIA Document A312 Payment Bond Forms ...ers require contractors to obtain payment and performance bonds using the American Institute of Architect's A312 bond forms, but those bond forms require contractors, owners and sureties to contend with a number of challenges - the most recent of which is the surety industry's refusal to issue such bonds without modification because of the so-called 45-Day Rule. This teleconference is designed  more...