Hurricane Katrina’s Impact on Existing U.S. Government Contracts

For contractors performing work on existing federal contracts in affected areas, assessing the impact of the hurricane on their contracts raises a number of issues and concerns.  Federal construction and supply contracts typically provide for a non-compensable time...

De Facto Takeover: Are a Surety’s Rights Protected?

By Michael J. Carrato, Esq. A Miller Act surety needs to be aware of certain notice requirements if it decides to take over performance for its principal on a federal construction contract.  Informal or “constructive” notice that a surety intends to take over...

Bid Bonds on Federal Contracts – Just the Fax

Bidders on most sealed-bid federal contracts are required to furnish a bid guarantee along with their bids. The bid guarantee is usually provided in the form of a bid bond issued by a Treasury-listed surety company. The purpose of the bid bond is to guarantee the...