Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
Illustration 60886103 / Kheng Ho To /Dreamstime

Why green construction may require more surety bonds

Aug. 10, 2012
Here's an interesting read from www.constructioninformer.com on the impact green construction has on surety bonding for construction projects. Author Matt Doyle says in this article that contractors and developers now sometimes need to take out surety ...

Here's an interesting read from www.constructioninformer.com on the impact green construction has on surety bonding for construction projects. Author Matt Doyle says in this article that contractors and developers now sometimes need to take out surety bonds to ensure that the building is built to all applicable environmental standards. He reports that the bonds may cost anywhere from a few thousand dollars for a specialty contractor to several hundred thousand dollars for general contractors working on large projects.