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| Surety Bond Issues
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One of the first questions asked is whether a project is “bonded” or whether it requires a bond. There are various types of bonds
typically used in construction, payment bonds, performance bonds, completion bonds, and bid bonds, to name a few. In Utah, all
public works contracts require contractors to post a payment bond. The payment bond is the government entity’s insurance against
the contractor’s inability to pay for the labor, materials, and equipment used in the public works project. Other government
entities require a completion bond to ensure funds will be available to complete a project if the contractor is unable to do so.
Tesch Law Offices is experienced in all aspects of surety bond issues. We have helped subcontractors and suppliers obtain payment
for their work from surety bonds, and we have represented contractors and sureties in protecting the bond funds by ensuring strict
compliance with the payment bond statutes and requirements. To protect your money contact us.
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