🔥🔥 Don’t Miss Out on Our End of Autumn Sale. If you have any questions, feel free to click the bottom right corner to contact our customer service..

Concat us[email protected]
Shopping Cart

No products in the cart.

🔍
ASCE 9780784404263 2000

ASCE 9780784404263 2000

$32.50

Surety Bonds for Construction Contracts

Published By Publication Date Number of Pages
ASCE 2000 418
PDF Format Searchable Printable Preview Now
Guaranteed Safe Checkout
Category:

If you have any questions, feel free to reach out to our online customer service team by clicking on the bottom right corner. We’re here to assist you 24/7.
Email:[email protected]

Jeffrey Russell presents the complex field of suretyship for construction contracts by describing and analyzing each element of the surety bonding process in basic terms.

PDF Catalog

PDF Pages PDF Title
4 Contents
10 Acknowledgments
12 Preface
18 PART I: THE BIG PICTURE
20 Chapter 1: Surety Bonding: Who Benefits
24 Chapter 2: Definition of Suretyship
26 Chapter 3: History of Suretyship
27 Corporate and Individual Sureties Diverge
30 PART II: THE SURETY RELATIONSHIP
32 Chapter 4: The Key Players
Owners
33 Contractors
Sureties
34 Independent Surety Agents
38 The Relationships Between Underwriters, Claim Personnel and Independent Surety Agents
40 Chapter 5: Surety as Risk Management
42 Chapter 6: Insurance and Suretyship
46 Chapter 7: Reinsurance and Co-surety
47 The U.S. Treasury and Single Bond Limits
48 Reinsurance Treaties
52 PART III: TYPES OF SURETY BONDS
54 Chapter 8: Bid Bond
56 Chapter 9: Performance Bond
58 Chapter 10: Payment Bond
62 Chapter 11: Maintenance Bond
66 Chapter 12: Other Surety Bonds
Supply Bond
Completion Bond
67 Dual Obligee Bond
68 Non-Contract Bonds
70 PART IV: THE UNDERWRITING PROCESS
72 Chapter 13: Overview of Underwriting Process
74 Chapter 14: Sequence of Events: A Contractor’s Perspective
80 Chapter 15: Surety Underwriting Criteria
Character
81 Capacity
85 Continuity
90 Chapter 16: Capital and Financial Review
Financial Data Considerations
96 Financial Analysis
114 Chapter 17: Bond Cost
Contract Price
115 Contract Type
116 Stipulated Contract Length
118 Example Premium Computations
119 State Insurance Departments
Bond Payment Terms for Contractors
120 Payment and Performance Bond Cost
Maintenance Bond Cost
124 Chapter 18: Underwriting Case Study
125 The Underwriting Process: Action Reviews PCC
137 Conclusions and Decisions
139 Lessons
140 PART V: SURETY BOND CLAIMS
142 Chapter 19: Considerations in Handling Surety Bond Claims
Surety’s Rights, Remedies, and Defenses
144 Five Steps of Surety Participation in Contractor Default
176 Special Concerns and Effects of Bankruptcy Upon Surety
180 Chapter 20: Contract Surety: Effective Claim Management
181 Maintenance Bond Claims
182 Claim Case Study: The Defaulting of PCC
195 Claim Case Study: The Defaulting of Zimbrick International
200 PART VI: PRACTICAL CONSIDERATIONS REGARDING THE SURETY INDUSTRY
202 Chapter 21: Alternatives to Surety Bonding
Waiver of Bonds
203 Individual Sureties
204 Self-Surety
205 Cash Equivalent
Letters of Credit
210 Chapter 22: International Guaranty
212 Surety Bonds and Letters of Credit in an International Context
216 Chapter 23: Aggregate Industry Performance
231 Reasons Postulated for Loss Experience
236 Chapter 24: Sources of Information Pertaining to Sureties
240 Chapter 25: Surety and Design/Build: The Future
241 History
242 A More Thorough Underwriting
244 Contractor’s Liability Insurance
246 Chapter 26: Special Surety Concerns and Industry Trends
Warranties and Maintenance Bonds
247 Competition Among Sureties and Contractors
249 Private Market
250 Hazardous Waste and Superfund Legislation
251 Small- to Medium-Sized and Disadvantaged Firms
255 Miller Act
256 Transfer of Ownership
258 Chapter 27: Summary
260 Glossary
A
B
C
D
E
261 F
G
H
I
L
M
N
O
P
262 R
S
264 Appendices
266 Appendix I. Sample General Indemnification Agreement: Old Republic Surety
272 Appendix II. Sample Bid Bond Form: AIA Document A310
276 Appendix III. Sample Performance Bond Form: AIA Document A312
282 Appendix IV. Sample Payment Bond Form: AIA Document A312
288 Appendix V. Sample Maintenance Bond Form: Fidelity and Deposit Company of Maryland
292 Appendix VI. Specimen Clauses for Bid, Performance, and Payment Bonds
296 Appendix VII. Sample Contractor Questionnaire Used by Surety: National Association of Bond Producers
304 Appendix VIII. Sample Report of Independent Certified Public Accountants and Financial Statements Audit of Example Contractor, Inc.
322 Appendix IX. Sample Dun & Bradstreet Reports
330 Appendix X. Sample Robert Morris Associates Reports
334 Appendix XI. Listing of Surety Association of America Contract Types
340 Appendix XII. Underwriting Case Study Documents: Prometheus Construction Company, Inc.
380 Appendix XIII. Effective Claim Management: Clem Winter, C. Winter Enterprises, Inc.
398 Appendix XIV. Common Disputes Arising From Surety Contract Bonds
402 Appendix XV. Sources of Information About Suretyship
406 References
414 Index
A
B
C
415 D
E
F
G
416 H
I
J
L
M
N
O
P
417 Q
R
S
T
U
W
Z
418 About the Author

Related products

ASCE 9780784404263 2000
$32.50