The Bonds Seminar: What you need to know about Performance and Maintenance Bonds
The Bonds Seminar: What you need to know about Performance and Maintenance Bonds
~Thursday, May 3, 2018~
The seminar will touch on these basics:
- Method of Notice for reduction/releases
- Time constraints for reduction/releases
- 30% reduction requirement
- Process of releases of maintenance bonds Do you have to maintain escrows during maintenance?
The new Performance Bond Law will also be discussed:
In January, Governor Christie signed into law P.L.2017, c.312., the performance bond legislation that was supported by the New Jersey Builders Association. The law now requires performance bond escrowing for only those improvements that will be dedicated to a public entity, with some exceptions. In addition, the new law establishes a safety and stabilization bond, and stream-lines the temporary certificate of occupancy process. Furthermore, requests for additional inspection fees will have to be itemized and justified.
Speaker
Robert M. Washburn, Esq., Flaster/Greenberg PC
BLSJ Legal Counsel
The Bonds Seminar: What you need to k...
Date and Time
Thursday May 3, 2018
9:00 AM - 10:00 AM EDT
Location
Builders League of South Jersey
114 Haddontowne Court
Cherry Hill, NJ 08034
Fees/Admission
Members: $25.00 per person
Non-Members: $50.00 per person
