Surety Bonds Protect Subdivisions From Developers That Default

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When Shelby County resident Rob Thornton went in front of the Shelby County Commission in April, he was hoping for a solution that he and several other residents face: unfinished neighborhood roads. Thornton, who lives in the Mountain Crest Subdivision off of Alabama 119, has seen his neighborhood’s roads remain incomplete, which has led them to deteriorate and cause safety …

Contractor’s Surety Works to Complete Hawaii Bridge Project

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Back in November 2015, the state awarded a $14 million contract to an Idaho-based contractor to fix the dilapidated Maipalaoa Bridge in Maili. It’s considered one of the most dangerous bridges in the state. After nearly two years, contractor Performance Systems Inc. abandoned the project, completing just 5 percent of the job. For more information >>>

Commentary: Owners, Contractors Must Know Warranty Terms

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A warranty is meant to protect a purchaser from any faults or defects in goods or services purchased. But warranties are as different as the products and services that they protect. What’s more, because courts interpret warranties in widely different ways — as either a creature of tort, contract or a mixture of both ― there exists no “one size …

Ohio DOT Bypass Project

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For more than 50 years, Ohio Dept. of Transportation officials have been talking about bypassing Portsmouth, Ohio, the county seat of Scioto County. By entering into a public-private partnership and allowing the P3 to write new specifications and adopt innovations from highway projects around the U.S., the agency not only got construction moving, but also reduced the overall project delivery …