Recent Questions & Answers About National Bond Claim
Do we cash and accept these terms for our final release of payments? We are still wanting to charge a lien fee.We filed a bond lien on a new school build and had set forth the expectations that if we had to file a lien, we would charge an additional fee of $1,500.00 and a monthly interest rate of 1.5%. Do we sign and return the final lien waiver for payment and then petition the court for the additional fee...
How to find the Bond information after work started?I know i Should have obtained it in advance but am first-timer. I have license # and Insurance Certificate for Contractor in breach for non-performance? Thank you
Filing a surety bond lien for a Florida storm clean up projectHello! I am a subcontractor on a job in Florida for storm clean up work. We provided equipment and staffing for cleaning up roads and other public spaces. We have not been paid by the subcontractor that hired us. The prime says they can only help with holding retainage as long as they are paid in...
Contractor changed bonds during the projectA contractor cancels bond insurance and buys one from a different company in the middle of the job. Which company can I file with? Does the canceled bond have any obligation to payout for work done during the effective period once the bond is cancelled? Is there any protection for honoring the...
Lien or Bond (?) Rights for City Job?We are the GC on a job we bid for the City. What types of rights do we have and monthly notice etc requirements. Thank you, Colbie @ ACIS Colbie.MacPhie@ACISinc.com
