1 / 6

Chapter 7 Contract Surety Bonds

Chapter 7 Contract Surety Bonds. BCN 4708 Fall 2008. Contract Surety Bonds. Surety bonds Dual Obligee Bonds Performance Bond Payment Bond Statutory Common-law Bonds Single vs double forms. Contract Surety Bonds. Miller Act WWW.fms.treas.gov/c570/c570.html Contract Changes

mollya
Download Presentation

Chapter 7 Contract Surety Bonds

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 7 Contract Surety Bonds BCN 4708 Fall 2008

  2. Contract Surety Bonds • Surety bonds • Dual Obligee Bonds • Performance Bond • Payment Bond • Statutory • Common-law Bonds • Single vs double forms

  3. Contract Surety Bonds • Miller Act • WWW.fms.treas.gov/c570/c570.html • Contract Changes • Bond Premiums • Surety • Indemnity of surety

  4. Contract Surety Bonds • Investigation by Surety • Audit • Review • Compilation • Bonding Capacity • Surety Agent • Default by the contractor

  5. Contract Bonds / Type of Contract • Single Prime Fixed-price • Multiple Prime Fixed • Cost-Plus-Fee • Joint Venture • Construction Management • Design-Contract • Subcontractor Bonds • Maintenance Bonds

  6. Contract Surety Bonds • Contract Bond Alternatives • Miscellaneous Surety Bonds • To release retainage • To discharge liens or claims • To indemnify owner against liens • Rented equip and leased property • Fidelity Bonds • Judicial Bonds • License Bonds • Termite Bond • Subdivision Bond • Self-Insurers’ Workers’ Comp Bond • Union Wage Bond

More Related