AIA Urges Indiana Legislature to Adopt Performance Bonds for Public Works Projects
(PRWEB)
Payment bonds protect against the risk of non-payment by assuring payment for completed work. They protect the taxpayer by ensuring the successful completion of public-private partnerships (P3).
"AIA, working in coordination with
"Risks of construction are the same for public private partnership projects as they are for any other public works project and as such taxpayers, subcontractors, suppliers and other laborers should be afforded the same protections. We thank the Study Committee for their thoughtful review of this issue and urge that performance and payment bonds be required of any public private partnership."
Read the full story at http://www.prweb.com/releases/2016/09/prweb13670764.htm
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