Legal Question in Construction Law in New York

I have acquired a bid bond for a public project. It cost me $100.00. The bid bond says the bond is good for $500,000.00. The surety does not want to write the payment and performance bonds after I WAS THE SUCCESFULL BIDDER AT $500,000.00. What do I do now?


Asked on 5/06/13, 6:54 am

1 Answer from Attorneys
Kevin Connolly Kevin J. Connolly

I would need to see the general indemnity agreement that you signed,as well as your bond application. The government unit can present a bonding claim that is a winner, but you may end up footing the bill unless we can duck the indemnity agreement. You can reach me at 516-242-1453; I am a construction attorney with deep experience in bonding.

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Answered on 5/08/13, 5:44 pm


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