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Contract – Performance bond – Termination of subcontractor | Massachusetts Lawyers Weekly

Where a judge ruled against a general contractor claiming to be entitled to payment under a performance that an insurance company issued to a subcontractor, the judgment should be affirmed because of the general contractor’s failure to terminate the subcontractor. “In this diversity case, The Graphic Builders LLC (‘Graphic’), a general contractor, is seeking to
Graphic Builders

Obtaining the Benefits of a Performance Bond

Thursday, May 13, 2021 When a party to a construction contract is faced with nonperformance of another party, often the desire to keep the project moving takes precedence in responding to the performance default. Problems arise, however, when the party who is owed the performance acts without first considering the terms and conditions of the written instruments governing the parties’ relationship on the project. For example, a construction contract may require the posting of payment...
United States District Court Graphic Builders Performance Bond First Circuit Surety Bonds

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