Federal Bid Bond - Fatal Discrepancy
Leonardo Ortiz - Smith, Currie, & Hancock LLP
June 11, 2010
In the current economy many contractors seek new business opportunities and a primary target is federal government construction contracting. Upon closer inspection, contractors quickly learn that competing in the government contracting arena can prove difficult as many projects require a commitment of resources and surety bonding capacity that exceeds the capability of a single firm. As such, contractors have sought avenues such as teaming agreements or joint ventures to pool resources to increase their opportunities.
Want the Rest of the Article? - It's Free to Members
Archived articles are reserved for DesignGreenConstruction.com members. To access this content, please log in or create a new account. Membership to DesignGreenConstruction.com is free! Get instant access to all the Construction content you need to help your organization stay current.