AIA Documents Include Insurance, Bond Provisions as Exhibits to Agreements

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The American Institute of Architects’ standardized contract series is widely used across the construction industry, in addition to options from competitors like ConsensusDocs and the Design Build Institute of America. When the AIA issues revisions to its contract documents every 10 years, it garners a good deal of attention, as these changes can impact all project stakeholders.   Tell me …

Planning Board Requires Bond Guaranteeing Hospital Project’s Completion

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KINGSTON, N.Y. >> HealthAlliance of the Hudson Valley has yet to hear from state officials on its September application to expand one hospital campus and to convert the other into a “medical village.” In a brief email last week, Marketing Director Lynn Nichols said there was no new information on HealthAlliance’s application to the state Health Department. “We do not …

Grand Jury Urges Bond Requirement Amid PA City’s Fiscal Woes

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No more charges out of the second grand jury convened to investigate the near-bankruptcy of Pennsylvania’s capital city. But the 82-page report does make some recommendations for changing state law: Extend the statute of limitations of public officials in Pennsylvania. Law enforcement already gets extra time to charge public officials, but ambiguity arose during former Mayor Stephen Reed’s trial over …

Communication Vital in Avoiding Surety Claims

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When you’re looking at the relevance of surety in today’s market and how it competes, to do that we need professional surety producers who understand clients and surety and how to match them, and also have all the skills in underwriting and contract and financial analysis. But what’s missing a lot of the time is being just as professional on …