Surety Bonds for Construction Contracts

Author: Jeffrey S. Russell

Publisher: ASCE Publications

ISBN: 078447043X

Category: Technology & Engineering

Page: 416

View: 7942

This book presents the complex field of suretyship for construction contracts by describing and analyzing each element of the surety bonding process in basic terms. Russell unravels the suretyship puzzle through numerous examples and extended case studies drawn from real-world experience. Sample bond forms and surety documents, as well as an extensive glossary of key terms, serve to further illustrate each step of the bonding process. As the only comprehensive treatment of surety bonding for construction contracts, this book explains the details of suretyship as well as these topics: How surety bonds function, How a contractor can secure bonding, Who the key players are in the surety relationship and how they interact, How to properly structure key documents, What a contractor should look for in a surety and in an independent surety agent, Why the private owner should consider surety bonding to guarantee projects, How surety bond claims are handled, and The steps a surety company may take when contractor default occurs. In addition to exploring the many facets of the bonding relationship, this book describes many subtleties of this endeavor, including the surety's role in prequalifying contractors and why an owner might consider requiring or waiving surety bonds; opportunities to benefit from the financial analysis of the underwriter; and alternatives to surety products for contractors who may have experienced difficulties acquiring bonding. This book also covers such issues as international guaranty, reinsurance, surety and design-build, and emerging surety market trends. This book will be useful to contractors, owners, design professionals, construction accountants and attorneys, and other construction industry personnel.

Practical Guide to Construction Contract Surety Claims

Author: William Schwartzkopf,Richard Tasker

Publisher: Aspen Publishers Online

ISBN: 0735552630

Category: Law

Page: 963

View: 6197

Practical Guide to Construction Contract Surety Claims, Second Edition provides clear guidance on the methods, procedures and case law surrounding the surety process. Whether you represent the surety, principal, or obligee, this one-of-a-kind reference will provide you with the indispensable, practical guidance and reliable tools you need to manage the surety process. Practical Guide to Construction Contract Surety Claims, Second Edition is logically organized around the various types of bonds - payment bond, bid bond, performance bond - as well as the claims that are asserted against those bonds, and the methods of investigation and resolution of those claims. It covers in detail the surety's options for resolving performance bond claims, including: Tender Completion by the obligee Completion by surety Financing the principal This book also addresses matters that affect the claims handling process, such as: Bankruptcy of the principal Claims for extra-contractual damages Claims by the surety against the principal Indemnity for losses sustained by the surety The interrelationship of the surety and the insurance carriers for the construction project Valuable analysis of case law is included within the discussion of each topic, and the relevant facts of key cases are highlighted where applicable. Bonus Interactive CD-ROM Includes All Forms and Documents This unique CD-ROM contains nearly 150 forms, such as sample agreements and correspondence among the parties, providing the guidance you need to act quickly and protect your client's interests in any situation.

Construction Insurance, Bonding, and Risk Management

Author: William J. Palmer,James Maloney,John Heffron

Publisher: McGraw Hill Professional

ISBN: 9780070485945

Category: Business & Economics

Page: 414

View: 6505

Don't let a construction lawsuit wipe you out. More and more construction contractors are getting sued these days. Make sure you protect yourself against costly litigation with Construction Insurance, Bonding and Risk Management edited by William J. Palmer, James Maloney, and John L. Heffron. Written in jargon-free language, this quick-and-easy resource will help you identify and manage risk in every phase of construction--from bidding on the job to driving home the final nail. You get the know-how you need to make sense of today's confusing array of insurance and bonds and to select the best coverage for your general business operations, individual contracts, job bidding and more.

Construction Contracts

Author: Jimmie Hinze

Publisher: McGraw-Hill Education

ISBN: 9780073397856

Category: Law

Page: 560

View: 574

Construction Contracts 3e was written to serve as a learning tool and reference guide. The fundamentals of contract law are presented, along with an in-depth treatment of the construction topics which most frequently result in litigation illustrated by example cases. In addition the author provides an overview of other important construction-related topics, including the procurement process for construction contracts, methods of dispute resolution, surety bonds, construction insurance, construction safety, and construction labor laws. The book is of a managable size for a one-semester course and suitable for undergraduate or graduate construction or architecture students. The 3rd edition incorporates many changes in construction law, regulation, and practice that have occurred during the past decade.

The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More

Author: Annette Thau

Publisher: McGraw Hill Professional

ISBN: 0071713093

Category: Business & Economics

Page: 400

View: 2610

Everything on Treasuries, munis, bond funds, and more! The bond buyer’s answer book—updated for the new economy “As in the first two editions, this third edition of The Bond Book continues to be the ideal reference for the individual investor. It has all the necessary details, well explained and illustrated without excessive mathematics. In addition to providing this essential content, it is extremely well written.” —James B. Cloonan, Chairman, American Association of Individual Investors “Annette Thau makes the bond market interesting, approachable, and clear. As much as investors will continue to depend on fixed-income securities during their retirement years, they’ll need an insightful guide that ensures they’re appropriately educated and served. The Bond Book does just that.” —Jeff Tjornejoh, Research Director, U.S. and Canada, Lipper, Thomson Reuters “Not only a practical and easy-to-understand guide for the novice, but also a comprehensive reference for professionals. Annette Thau provides the steps to climb to the top of the bond investment ladder. The Bond Book should be a permanent fixture in any investment library!” —Thomas J. Herzfeld, President, Thomas Herzfeld Advisors, Inc. “If the financial crisis of recent years has taught us anything, it’s buyer beware. Fact is, bonds can be just as risky as stocks. That’s why Annette Thau’s new edition of The Bond Book is essential reading for investors who want to know exactly what’s in their portfolios. It also serves as an excellent guide for those of us who are getting older and need to diversify into fixed income.” —Jean Gruss, Southwest Florida Editor, Gulf Coast Business Review, and former Managing Editor, Kiplinger’s Retirement Report About the Book The financial crisis of 2008 caused major disruptions to every sector of the bond market and left even the savviest investors confused about the safety of their investments. To serve these investors and anyone looking to explore opportunities in fixed-income investing, former bond analyst Annette Thau builds on the features and authority that made the first two editions bestsellers in the thoroughly revised, updated, and expanded third edition of The Bond Book. This is a one-stop resource for both seasoned bond investors looking for the latest information on the fixed-income market and equities investors planning to diversify their holdings. Writing in plain English, Thau presents cutting-edge strategies for making the best bond-investing decisions, while explaining how to assess risks and opportunities. She also includes up-to-date listings of online resources with bond prices and other information. Look to this all-in-one guide for information on such critical topics as: Buying individual bonds or bond funds The ins and outs of open-end funds, closed-end funds, and exchangetraded funds (ETFs) The new landscape for municipal bonds: the changed rating scales, the near demise of bond insurance, and Build America Bonds (BABs) The safest bond funds Junk bonds (and emerging market bonds) Buying Treasuries without paying a commission From how bonds work to how to buy and sell them to what to expect from them, The Bond Book, third edition, is a must-read for individual investors and financial advisers who want to enhance the fixed-income allocation of their portfolios.

The Law of Suretyship

Author: Edward Graham Gallagher,American Bar Association. Tort and Insurance Practice Section

Publisher: American Bar Association

ISBN: 9781570737800

Category: Law

Page: 556

View: 1235


Bond Default Manual

Author: Duncan L. Clore,Richard E. Towle,Michael J. Sugar

Publisher: American Bar Association

ISBN: 9781590315439

Category: Breach of contract

Page: 763

View: 9259


Smith, Currie & Hancock's Federal Government Construction Contracts

A Practical Guide for the Industry Professional

Author: Thomas J. Kelleher, Jr.,Thomas E. Abernathy, IV,Hubert J. Bell, Jr.,Steven L Reed,Smith, Currie & Hancock LLP

Publisher: John Wiley & Sons

ISBN: 0470539763

Category: Technology & Engineering

Page: 736

View: 4611

Federal Construction Law for Construction Professionals Any firm intent on benefitting from the boom in federal government construction contracts must navigate an increasingly complicated and demanding set of laws, regulations, and practices that govern these projects and the contractors performing them. To help guide you through this maze, here is the updated edition of the easy-to-understand guide to the practical reality of these special requirements, and how managers and owners of construction industry firms can use them to effectively avoid pitfalls on current projects and compete successfully for new projects. Smith, Currie & Hancock's Federal Government Construction Contracts, Second Edition walks the reader through actual federal contracts, highlights critical clauses, and simplifies governmental and legal jargon to provide ease of use by the nonlawyer. Updates to this Second Edition include: Coverage of the newly enacted American Recovery and Reinvestment Act of 2009 Specifics of federal government grants to state and local public construction contracts New insights on Design-Build, Early Contractor Involvement (ECI), BIM, Green Construction, and Web-based project management techniques used by the federal government A revised look at the increasingly detailed business ethics and compliance program requirements for contractors and subcontractors as mandated by the federal government for its contractors A unique Web site at provides the user with a Table of Acronyms and Terms commonly found in federal government contracts, an extensive list of Web sites of interest to federal government construction contractors, checklists, sample forms, as well as specifications related to innovations in project delivery By making transparent the many rights, risks, and legal responsibilities involved in a federal government construction project, Smith, Currie & Hancock's Federal Government Construction Contracts, Second Edition provides construction industry professionals—from general contractors, subcontractors, and designers to surety bond agents—with the insight and understanding they need to avoid problems and run a successful project from start to finish.

Georgia Construction Law Handbook 2018

Author: N.A

Publisher: Daily Report

ISBN: 9781628814064


Page: 464

View: 8822

Georgia Construction Law Handbook follows and unpacks new movement in this area of law as it develops. It is a guide to common construction law issues, such as regulatory matters and the collection of money using the mechanic's lien law or the public works bond laws. A ready reference for attorneys and construction and design professionals, the Handbook analyzes construction law in Georgia, as set forth in the Official Code of Georgia Annotated and reported State and federal court decisions, and includes relevant legal forms.

The Law of Payment Bonds

Author: Kevin L. Lybeck,H. Bruce Shreves,American Bar Association. Fidelity and Surety Law Committee

Publisher: American Bar Association

ISBN: 9781570735325

Category: Law

Page: 393

View: 7464

"This publication has been prepared for use in conjunction with the mid-winter program of the Fidelity & Surety Law Committee of the Tort Insurance Practice Section of the American Bar Association, held in San Francisco, California on January 30, 1998"--Page iii.

Joint Ventures in Construction 2

Contract, Governance, Performance and Risk

Author: Kiyoshi Kobayashi

Publisher: Inst of Civil Engineers Pub

ISBN: 9780727757838

Category: Law

Page: 252

View: 1418

"Joint Ventures in Construction 2: Contract, Governance, Performance and Risk is the selected proceedings of a series of International Conferences on Multi-national Joint Ventures for Construction Works, held each year since 2005. This book brings together the highlights from the 2008-2011 conferences" --Back cover.

Construction Law

An Introduction for Engineers, Architects, and Contractors

Author: Gail Kelley

Publisher: John Wiley & Sons

ISBN: 9781118229033

Category: Law

Page: 312

View: 6703

This work offers a comprehensive review of the US legal environment, both criminal and civil, focusing on the key legal concepts and issues applicable to a typical construction project.