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ABCs of Payment Bonds
January 9 @ 12:00 pm - 1:30 pm$246
This course will cover the scope and coverage of the payment bonds, the format of the bonds, who can make a claim on a these bonds, notice requirements, the statute of limitations and venue requirements, and the role of the defaulted contractor. If time permits, payment bonds issued on behalf of subcontractors, where the prime contractor–as opposed to the government–is the beneficiary of the bond, will be discussed.