Click to verify BBB accreditation and to see a BBB report.
McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Follow us on twitter!
  #1 (permalink)  
Old 10-26-2005, 10:54 AM
Administrator
 
Join Date: Jan 2005
Posts: 719
Default NJ Parkway Settles With Contractor

The New Jersey Parkway has settled with a contractor in a dispute over which contractor should be awarded a job.

The Raritan toll project came to a hault when officials decided the low bidder, Tarheel Enterprises of Morgan, did not produce properly executed surety bond to guarantee the work. Then the second-lowest bidder, Crisdel was notified that it would get the job. However, they also found flaws in Crisdel's surety bond. The job was finally awared to the third lowest bidder.


Crisel sued for $2.76 million, stating they had bought equipment and made other costly arrangements. The state settled, paying the contractor $400,000.

You can read the full article at: Parkway Settles With Contractor
__________________
Surety Bond Articles
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 08:20 AM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.