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Surety bonds are a part of everyday life. Many individuals don’t understand the concept of bonds and how they are used to protect parties entering into a contract with one another. In basic terms a surety bonds are a binding legal agreement that offer financial guarantees to the parties involved in a multitude of contracts. …
Read more February 23, 2016If you are confused about hiring a contractor to do work around your home you are not alone. The terminology is a bit confusing, laws in each state are different and regulations are constantly changing which makes the whole process of hiring contractors to perform work on your home is difficult. Licensing within different trades…
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Welcome to the third edition of Onvia’s Legal Landscape, a series designed to provide government contractors with a quick, but thorough, summary of important legal developments in government contracting and a plain-English explanation as to how these developments may affect contractors. In this issue, we discuss recent trends in federal, state and local government contracting….
Read more November 30, 2015In this installment of surety bonds we will continue to look at major points of the claim process in auto dealer surety bonds. Eligibility Only certain consumers are eligible to process a claim against the auto dealerships surety bond. – Consumer Purchaser: Most of the claims that a consumer will make are related to the…
Read more November 19, 2015The defense authorization also expands SBA-backed surety bonds Tucked into the defense authorization passed by Congress Monday are little-noticed amendments that should eliminate much of the fraud that has characterized individual surety bonds and expand the Small Business Administration’s flexibility in backing bonds for small contractors. The surety measure tightens up the rules for using…
Read more November 12, 2015A group of carwash owners have filed a lawsuit against New York City charging a new law illegally favors unionized carwashes. The Association of Car Wash Owners lawsuit centers on rules that require owners of nonunionized carwashes to post $150,000 surety bond before obtaining a license. Unionized operations pay only $30,000. The association says the…
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