Bill
Bill > H1703
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to default insurance programs for certain public construction projects. State Administration and Regulatory Oversight.
AI Summary
This bill amends Section 8(a) of Chapter 149A of the General Laws to allow construction management at-risk firms to obtain a subcontractor default insurance policy in lieu of performance and payment bonds for some or all trade contractors on certain public construction projects. The bill requires trade contractors not covered by the subcontractor default insurance policy to submit their own payment and performance bonds, and directs trade contractors to include anticipated bonding costs in their bids, which they would then remit as a credit to the construction manager if they are included in the subcontractor default insurance program.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H4481 (on 05/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1703 |
| Bill | https://malegislature.gov/Bills/190/H1703.pdf |
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