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Performance Bonds Condition Precedent

Akerman LLP

Comply or Else: Additional Obligees Must Comply with Conditions Precedent in Performance Bonds

Akerman LLP on

All construction project owners, lenders, and contractors take note: a recent federal court opinion offers a reminder that additional obligees on a performance bond must comply with all conditions precedent in the bond in...more

Troutman Pepper Locke

Colorado Court of Appeals Finds Contractor Satisfied Conditions Precedent Under Performance Bond

Troutman Pepper Locke on

Whiting-Turner Contracting Co. v Guar. Co. of N. Am. USA, 2019 BL 97923 (Colo. App. Mar. 21, 2019). This construction dispute involved rights and obligations under a performance bond supplied for an office building...more

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