1. Chapter 7 Contract Surety Bonds BCN 4708 Fall 2008

2. Contract Surety Bonds Surety bonds Surety bonds Dual Obligee Bonds Dual Obligee Bonds Performance Bond Performance Bond Payment Bond Payment Bond Statutory Statutory Common-law Bonds Common-law Bonds Single vs double forms Single vs double forms

3. Contract Surety Bonds Miller Act Miller Act WWW.fms.treas.gov/c570/c570.html WWW.fms.treas.gov/c570/c570.html WWW.fms.treas.gov/c570/c570.html Contract Changes Bond Premiums Surety Indemnity of surety

4. Contract Surety Bonds Investigation by Surety Audit Review Compilation Bonding Capacity Surety Agent Default by the contractor

5. Contract Bonds / Type of Contract Single Prime Fixed-price Multiple Prime Fixed Cost-Plus-Fee Joint Venture Construction Management Design-Contract Subcontractor Bonds Maintenance Bonds

6. Contract Surety Bonds Contract Bond Alternatives Miscellaneous Surety Bonds To release retainage To discharge liens or claims To indemnify owner against liens Rented equip and leased property Fidelity Bonds Judicial Bonds License Bonds Termite Bond Subdivision Bond Self-Insurers’ Workers’ Comp Bond Union Wage Bond