Revisions to Bird Construction Bond FormsFebruary 22, 2019
Over the last several months, SAC has been in discussion with Bird Construction regarding its subcontractor bond forms that were introduced to the marketplace late last year. To recap, these forms included several provisions that protected the interests of the General Contractor while imposing onerous conditions on the bonded subtrade and its surety. In the December 19th edition of What’s New in Surety, the more problematic features of these bonds were discussed in some detail.
We’re now pleased to report that our discussions have been completed and Bird has agreed to a modified version of its performance bond. Copies of the final bond wordings; both marked up and clean-copy, are now available.