http://forums.jwsuretybonds.com/ The Surety Bond Forums will answer all of your surety bond inquries including specific topics such as performance bonds, bid bonds, mortgage broker bonds, etc. en Fri, 20 Nov 2009 21:44:04 GMT vBulletin 10 http://forums.jwsuretybonds.com/images/misc/rss.jpg http://forums.jwsuretybonds.com/ http://forums.jwsuretybonds.com/subdivision-bonds/2444-holliston-selectmen-approve-seizure-development-s-bond-money-road-maintenance.html Thu, 19 Nov 2009 12:33:09 GMT "A subdivision surety bond is a means of ensuring a development will be built according to an agreed upon contract and in a timely fashion. If portions of a development are not completed on time or to the specifications specified in the contract, a developer could be forced to pay a portion of the bond's value."


Read it here. ]]> Subdivision Bonds Surety Insider http://forums.jwsuretybonds.com/subdivision-bonds/2444-holliston-selectmen-approve-seizure-development-s-bond-money-road-maintenance.html http://forums.jwsuretybonds.com/subdivision-bonds/2443-unfinished-subdivision-leaves-residents-high-dry.html Tue, 17 Nov 2009 12:43:08 GMT "But the Florida bank holding that bond is bankrupt."

Read it here. ]]> Subdivision Bonds Surety Insider http://forums.jwsuretybonds.com/subdivision-bonds/2443-unfinished-subdivision-leaves-residents-high-dry.html http://forums.jwsuretybonds.com/fidelity-bonds/2442-crime-policies-bonds-seen-slim-cover-ponzi-mortgage-scams.html Tue, 17 Nov 2009 12:36:29 GMT "David DiBiase, a managing partner with Los Angeles-based law firm Anderson, McPharlin & Conners LLP, said "simply because a crime has been committed does not mean there will be coverage available for the consequent loss under a crime policy."

Read it here. ]]> Fidelity Bonds Surety Insider http://forums.jwsuretybonds.com/fidelity-bonds/2442-crime-policies-bonds-seen-slim-cover-ponzi-mortgage-scams.html http://forums.jwsuretybonds.com/surety-bond-news/2441-surety-insurers-oppose-h-r-3962-a.html Sat, 14 Nov 2009 14:05:49 GMT “In the absence of bonding, who will be looking to assure that all providers that submit claims to Medicare are legitimate and that overpayments, fines and penalties assessed by [the Centers for Medicare and Medicaid Services] are paid?” asks Lynn Schubert, president of the Surety & Fidelity Association of America, Washington.

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2441-surety-insurers-oppose-h-r-3962-a.html http://forums.jwsuretybonds.com/surety-bond-news/2440-new-bonding-requirements-make-builders-wary-added-costs-lean-times.html Fri, 13 Nov 2009 13:23:54 GMT "Northern Nevada builders are expressing concern about a proposed change to the state's bonding requirements, saying it would increase costs for both contractors and their customers at a time when the industry is struggling."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2440-new-bonding-requirements-make-builders-wary-added-costs-lean-times.html http://forums.jwsuretybonds.com/surety-bond-news/2439-surety-bond-insurers-riled-health-care-measure-provision.html Fri, 13 Nov 2009 11:38:22 GMT “In the absence of bonding, who will be looking to assure that all providers that submit claims to Medicare are legitimate and that overpayments, fines and penalties assessed by CMS [Centers for Medicare and Medicaid Services] are paid?” asks Lynn M. Schubert, president of the Surety & Fidelity Association of America."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2439-surety-bond-insurers-riled-health-care-measure-provision.html http://forums.jwsuretybonds.com/performance-bonds/2438-payment-bond-question.html Thu, 12 Nov 2009 09:16:01 GMT Hello,

I work for a manufacturer in Europe. A company from Puerto Rico just won a contract to supply our products to a Government Agency (in Puerto Rico, of course).

We need a payment guarantee for all our sales, and in this contract, the Government agency requires the seller to provide a Payment Bond for the 60% of the contract value. The thing is that this payment bond's beneficiary is the Puerto Rican Government Agency, not us, the manufacturer.

How can I be sure that in case the seller does not pay us, and the Government agency applies the bond, we will get paid?

I thank you in advance.

Regards,
Mauricio ]]> Performance Bonds mauricio http://forums.jwsuretybonds.com/performance-bonds/2438-payment-bond-question.html http://forums.jwsuretybonds.com/performance-bonds/2437-prevailing-wage-employees.html Tue, 10 Nov 2009 04:35:02 GMT I am on a university project at wwu.Myself and four other employees of a subcontractor have not been paid for one mo. The Sub went under and the general is dragging his feet and not covering our pay.Can we call in his bond to get our back pay.All of the big players have been recieving thier draws and the general has tons of money and is a union general contractor.We are non union but prevailing wage.46.16 per hour.This is a consideral amount of money and we are getting desperate.L. and I. would take too long and they have no teeth in recovering wages.our combined moneys due exceed 30,000. If the bond covers us how do we locate the bonding agent and how do we get them to honor thier bond? I am on a university project at wwu.Myself and four other employees of a subcontractor have not been paid for one mo. The Sub went under and the general is dragging his feet and not covering our pay.Can we call in his bond to get our back pay.All of the big players have been recieving thier draws and the general has tons of money and is a union general contractor.We are non union but prevailing wage.46.16 per hour.This is a consideral amount of money and we are getting desperate.L. and I. would take too long and they have no teeth in recovering wages.our combined moneys due exceed 30,000.
If the bond covers us how do we locate the bonding agent and how do we get them to honor thier bond? ]]> Performance Bonds toppcat http://forums.jwsuretybonds.com/performance-bonds/2437-prevailing-wage-employees.html http://forums.jwsuretybonds.com/performance-bonds/2436-changing-principals.html Fri, 06 Nov 2009 20:29:08 GMT If a contract was awarded to one company and the when it is time to submit their bond, they indicate that they have exceeded their bond capacity. They now want to team with another vendor that has bond capacity. Where is this indicated that it is not allowed... Thanks If a contract was awarded to one company and the when it is time to submit their bond, they indicate that they have exceeded their bond capacity. They now want to team with another vendor that has bond capacity.

Where is this indicated that it is not allowed...
Thanks ]]> Performance Bonds JAA http://forums.jwsuretybonds.com/performance-bonds/2436-changing-principals.html http://forums.jwsuretybonds.com/surety-bond-news/2435-city-reforms-bonding-policy.html Tue, 03 Nov 2009 14:58:49 GMT Helping small businesses grow and making it easier to operate in New York City is part of the Bloomberg Administration's "Five Borough Economic Opportunity Plan."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2435-city-reforms-bonding-policy.html http://forums.jwsuretybonds.com/performance-bonds/2434-average-cost-performance-payment-bond.html Tue, 03 Nov 2009 01:24:18 GMT what is the average rate precentage of the contract? what is the average rate precentage of the contract? ]]> Performance Bonds dawn http://forums.jwsuretybonds.com/performance-bonds/2434-average-cost-performance-payment-bond.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2433-car-dealership-fraud.html Mon, 02 Nov 2009 01:27:52 GMT I wanted to buy a used car in the authorized dealership in Valley Stream, NY and gave them 10000$ deposit. However this dealership disappeared and neither gave me a vehicle nor returned a deposit. DMV records say that this company has some surety bond company. How can I find this company and can I recover my moneys from surety bond company? Thank you! I wanted to buy a used car in the authorized dealership in Valley Stream, NY and gave them 10000$ deposit. However this dealership disappeared and neither gave me a vehicle nor returned a deposit. DMV records say that this company has some surety bond company. How can I find this company and can I recover my moneys from surety bond company? Thank you! ]]> Motor Vehicle Dealer Bonds julie-e http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2433-car-dealership-fraud.html http://forums.jwsuretybonds.com/contractor-s-corner/2430-year-ahead-construction-perfect-10-a.html Tue, 20 Oct 2009 11:56:58 GMT Freebie AIA Webinar this Thursday: Register here (http://www.reedconstructiondata.com/events/register/?NID=4852). Freebie AIA Webinar this Thursday:

Register here. ]]> Surety Insider http://forums.jwsuretybonds.com/contractor-s-corner/2430-year-ahead-construction-perfect-10-a.html http://forums.jwsuretybonds.com/contractor-s-corner/2429-airport-expanding-contractor-pool-green-build.html Tue, 13 Oct 2009 11:16:02 GMT “(Participating) helped increase my bonding capacity to $3 million and by having it, I’ll be able to bid on other contracts,” said Atefi, who operates the business with his son Ali. Read it here (http://www.sdbj.com/industry_article.asp?aID=141465). “(Participating) helped increase my bonding capacity to $3 million and by having it, I’ll be able to bid on other contracts,” said Atefi, who operates the business with his son Ali.

Read it here. ]]> Surety Insider http://forums.jwsuretybonds.com/contractor-s-corner/2429-airport-expanding-contractor-pool-green-build.html http://forums.jwsuretybonds.com/contractor-s-corner/2428-contractors-association-unveils-plan-turn-around-industry.html Fri, 02 Oct 2009 12:47:23 GMT "The plan calls for a mix of new incentives, tax cuts, policy revisions and infrastructure spending."

Read it here. ]]> Surety Insider http://forums.jwsuretybonds.com/contractor-s-corner/2428-contractors-association-unveils-plan-turn-around-industry.html