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What's New: Advocacy

SFAA Opposes Massachusetts Bill to Permit Trade Contractors to Obtain Subcontractor Default Insuranc

Tuesday, August 27, 2019  

SFAA Opposes Massachusetts Bill to Permit Trade Contractors to Obtain Subcontractor Default Insurance in lieu of Bonding

SFAA provided written testimony in opposition to Massachusetts HB 2773, which would revise the existing law concerning construction managers at risk (CM at-risk) to allow them to obtain a subcontractor default insurance policy (SDI) in lieu of the current requirement for trade contractors working for a CM at-risk to provide a 100% payment and performance bond. The CM at risk still would have to provide 100% payment and performance bonds to the public owner as required under existing law. SFAA’s statement explained our opposition to the bill and promoted the value of bonding. We are working with our members locally and APCIA to determine the viability of this bill.

Members should visit Advocacy / What's New for more information.



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