Surety Bonds for Construction Contracts
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Author(s): J. S. Russell
Publisher: ASCE
ISBN: 0784404267
Format: softback
401pp
Price: $49.00
Review Date: 31 May 2000
Review: This book describes and analyses each element of the surety bonding process in basic terms for contractors, owners, design professionals and other construction industry personnel. The book is divided into six parts. The first three gives a basic understanding of the surety relationship, giving the definition and history of suretyship and looking at the surety relationship and types of surety bonds. The next two parts discuss the underwriting process and surety bond claims in detail. The final part gives practical applications regarding the security industry, including alternatives to surety bonding, sources of information pertaining to sureties, and special surety concerns and industry trends.