Construction jobs tend to be costly and often unpredictable. This is why a surety bond is typically required for construction projects, especially when they are substantial undertakings. It has been quite an unpredictable endeavor when it comes to the project being worked on at Lake Mead in Nevada State. A company named Vegas Tunnel Constructors read more »
On 5/16/08, the state of Alabama has enacted HB 442. The enactment allows state agencies to decide if a bid bond is required for service contracts or supplies. The prior law made bid bonds mandatory, which allowed for no flexibility, even when no bonding companies were willing to bond the work.