Construction
Oct. 5, 1999
Making Sure
^^Construction Law^^ Making Sure Obligations Under Construction Payment Bonds The scope of potential liability is important not only to the surety but also to its principal (the contractor or subcontractor who provided the bond).
By Bernard S. Kamine
On almost all state and local public-works projects in California, the prime contractor must provide a payment bond. Civil Code Section 3247; Public Contracts Code Sections 7103, 10221. On private projects, owners and lenders also often require payment bonds. Sometimes prime contractors require paymen...
On almost all state and local public-works projects in California, the prime contractor must provide a payment bond. Civil Code Section 3247; Public Contracts Code Sections 7103, 10221. On private projects, owners and lenders also often require payment bonds. Sometimes prime contractors require paymen...
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