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Philadelphia Construction Law Blog

Tag: Real Estate

BONDING ALTERNATIVES

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Bonding and Surety on Mar 25, 2013.

While statutory requirements will keep payment and performance bonds as a mainstay of the construction market for years to come, other viable options exist and should be considered by owners, contractors, and subcontractors as alternatives to bonding. These alternatives can create the same “net effect”.

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