To further expand on the above answers, you might try going to the owner for the bond information. (By the way, there is no such thing as a "bond policy". The contract bonds (performance & payment) would refer to guaranteeing the performance of the general and payment to all subs, workers and suppliers.
If you are within your lien rights time frame, file the lien and / or make a demand on the owner of the project. That should get the owner to refer you to the surety.
2007-03-30 07:49:19
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answer #1
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answered by suretyguy 3
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To expand on the previous answer a bit. If you are a subcontractor or supplier, you may never have received a copy of the bond, but you may be protected by it (which means you can collect money if you are not the owner). The owner is the only one that can collect for performance issues, but subcontractors and suppliers of the GC can collect for payment related problems. If you have any complaints about payment (or lack thereof) from a general contractor for materials delivered or work performed and the GC is not doing anything about it, go to the owner. They will be able to direct you to the proper Surety company.
If you are told you are working on a bonded project, you should always get a copy of the bond. Some states actually require you to send a notice to the Surety company as soon as you start working on the bonded project (Florida for certain). If you don't you may lose any rights under the bond.
When things are going good at the beginning of a project, it is easy to get this. Once problems start, everybody tries to make things "right" on their own without getting the Surety involved and things can and will get messy.
2007-03-28 22:40:45
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answer #2
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answered by JJ 5
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You look at the bond they gave you when they started the job.
The only person who can collect under a construction bond is the obligee - who received a copy of the bond when it was issued, and had to sign off on it.
So if you don't have a bond, and you never signed off on it, there isn't one in place that will cover you. So you are both not entitled to that information under the privacy laws, and it doesn't matter anyway.
2007-03-28 08:28:01
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answer #3
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answered by Anonymous 7
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