Our Advocacy Priorities Include:
Maintaining Bonding Protections: Opposing bond threshold increases and waivers of legislatively-required bonding on public projects that protect workers, subcontractors, suppliers and taxpayers.
Bonding P3 Construction Projects: Requiring the same payment and performance bonding protections used in all other public construction projects utilizing public-private partnerships (P3).
Strong Regulatory & Financial Requirements: Ensuring the same strong regulatory and financial requirements for licensed insurance companies are also in place for independent sureties for the protection of the public.
Judicial Contract Adherence: Ensuring judicial awards are based solely on the agreed upon bond terms; for example, opposing Bad Faith claims and attorneys’ fees not expressly included in the bond terms.