Bill
Bill > H1702
MA H1702
Relative to default insurance programs for certain public construction projects
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 requiring performance and payment bonds for some or all trade contractors on public construction projects. Trade contractors not covered by the subcontractor default insurance policy must still submit payment and performance bonds, but the anticipated bonding costs will be credited back to the construction manager at risk firm.
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/H1702 |
| Bill | https://malegislature.gov/Bills/190/H1702.pdf |
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