Accept Cookies?
Print Page   |   Contact Us   |   Sign In   |   Register
Search
Small & Emerging Contractors

 

What's New: Public-Private Partnerships (P3s)

P3 Technical Correction Bill Introduced in Maryland

Wednesday, February 11, 2015  
Maryland SB 453 was introduced today. This is legislation that SFAA and AIA sought to correct a technical problem with the bonding language in the P3 law that Maryland enacted in 2013. The existing law requires that the amount of the payment bond must be based on the value of the construction elements of the P3 and not on the total value of the P3. The existing law also requires a performance security, but does not limit it in a similar manner as the payment bond. SFAA and AIA’s technical correction would amend the law so that the payment bond and performance bond both are based on the value of the construction portion of the P3.

View PDF version (or visit P3s / Public-Private-Partnerships - Public)

More information for Members at P3s / Public-Private-Partnerships (Members)


Sign In


Forgot your password?

Haven't registered yet?

What's New
Events

1/30/2017
Contract Bond Advisory Committee Meeting / AGC Conference on Surety Bonding & Construction Risk Mgmt

1140 19th Street, NW, Suite 500 · Washington, DC 20036-6617
Phone: 202-463-0600 · Fax: 202-463-0606

Contact Us

 

Follow SFAA: TwitterFacebookLinkedInRSS FeedSFAA NewsFlash

- Legal Notices and Disclaimers -

 

Copyright © 2016 The Surety & Fidelity Association of America