To: STATE EDITORS Contact: Judith Malone of Greater Cleveland Partnership, +1-216- 592-2412, jmalone@gcpartnership.com
A general contractor paid a $1,050,000 settlement to its subcontractor in a construction contract dispute, according to attorney Steve Cockriel, with Cockriel & Christofferson in St. Louis. Frederich Construction's bonding company, Travelers Casualty and Surety Co., covered the company's settlement payment to Vee-Jay Cement Contracting Co., said Cockriel, Vee-Jay's attorney.
Integra Bank has filed a breach-of-contract suit against its own bonding agency in hopes of recovering more than $20 million in unpaid loans that it made to former music mogul Lou Pearlman. The lawsuit, filed Friday
Government contracts; written notice of termination of construction contract not necessary where opposing party has previously sent letter expressly terminating the contract; “no damages for delay” clauses; termination for convenience; contract abandonment; anticipatory repudiation; damages for impaired bonding capacity not allowed.
The Reagan Companies provides personal and business insurance, risk management, contract surety bonding, group benefits and health insurance, and investment-management services. In addition to offering insurance and investment services, the Reagan Companies also has a bond department that provides contract-surety bonds for contractor clients.
... to keep it informed of all its contracts, whether bonded by the same or another surety or u...
Much information has been publicized about the How's Corner Superfund site in Plymouth over the years. Here is a tidbit that I'm sure won't get written about: The How's Corner site group recently solicited bids for the construction of a groundwater treatment system as remedial action at the site. Detailed plans and contract specifications were provided by an engineering firm. Bonding was required to ensure contractor performance. The group received three bids, all from qualified, reputable and competent local contractors. All three bidding companies are general contractors whose primary expertise is earthwork. For no apparent reason, other than name recognition or lack thereof, the group has selected the highest bidder to perform the work.
CLINTON -- The town will appraise Camp Hadar's market value, draft a purchase contract and calculate the tax consequences of bonding costs in preparation for a public hearing on the proposed $3.3 million purchase of the 97-acre park. But officials may forgo an application for state funding to defray the purchase cost because of the time and use constraints imposed by state Department of Environmental Protection grants. Selectmen have approved the purchase of the former camp, owned by brothers David and Samuel Fischer, as the town's first major open space acquisition.
Notice is hereby given that the U.S. International Trade Commission has determined to review-in-part the final initial determination (``ID'') (Order No. 20) of the presiding administrative law judge (``ALJ'') finding the remaining respondents, Shenzhen Reliap Industrial Co. (``Reliap'') and Yue Qiu Sheng (``Yue''), both of Shenzhen, China, in default and in violation of section 337. The Commission has also determined to review the ALJ's Order No. 19 denying respondents' motion for summary determination that complainants' breach of contract allegation is outside the scope of the investigation. The Commission is also requesting briefing on the issue on review and on remedy, the public interest, and bonding.
The Oregon Construction Contractors Board for the first time in 25 years is updating the forms contractors use to apply for surety bonds. The new forms are the result of House Bill 3242, passed by the 2007 Legislature, which splits the state's licensing applications and requirements into commercial and residential categories. The contractors board today will meet with construction bonding and insurance companies to hammer out the contract wording on the new forms before the requirements kick in for new licensees Jan. 1. The changes won't go into effect for renewal licenses until July.
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