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

 

What's New: Government Affairs

New Mexico to Consider Alternatives to Bonding

Tuesday, April 10, 2012  

The New Mexico General Services Division (GSD) is forming a subcommittee to discuss alternatives to bonding of public works projects that could save the State money. Alternatives that have been suggested include use of Subguard, requiring only a payment bond from general contractor and eliminating any subcontractor bonds and eliminating the bond in lieu of a State contractor prequalification process. The GSD is looking for representatives of sureties, agents and the various contractor groups to participate in this subcommittee. The GSD currently contemplates a series of meetings on these topics. Does any SFAA member have a person locally in the Santé Fe area that would be able to participate in this process? If so, please let us hear from you soon. The GSD wants to begin consideration of bonding within the next month.

View PDF version

Sign In


Forgot your password?

Haven't registered yet?

What's New
Events

1/18/2017
Surety Claims/Corporate Counsel Advisory Committee Meeting

1/18/2017
Fidelity Claims Advisory Committee Meeting

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