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Author Question: Who has the legal right to approve a surety for use on a government construction project? What ... (Read 48 times)

Engineer

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on: Jul 26, 2018
Who has the legal right to approve a surety for use on a government construction project?
 
  What will be an ideal response?

Question 2

Who is able to file stop notices on private or government projects and what do stop notices help accomplish on construction projects?
 
  What will be an ideal response?


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Dominic

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Reply #1 on: Jul 26, 2018
Answer to Question 1

The United States Treasury Department has the right to approve the sureties that are used on government construction projects.

Answer to Question 2

On private contracts stop notices could be filed by contractors, subcontractors, or suppliers and on government projects subcontractors and suppliers may file them. Stop notices are filed in order to have funds withheld either by the lending institution or the government in the amount indicated in a written request to cover services rendered or materials.


Engineer

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Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

brbarasa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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