Tag Archives: conditional payment bond

Conditional Payment Bond Requirements

Conditional payment bonds are becoming more popular on private construction projects. From a general contractors’ perspective, the conditional payment bond provides it security in the event the owner does not pay. With an unconditional payment bond, a claimant can still … Continue reading

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A Lienor is Still Required to Perfect Its Lien Rights with a Conditional Payment Bond

A conditional payment bond is a type of payment bond that a general contractor can procure for a private construction project.  A conditional payment bond is less common than an unconditional payment bond because a conditional payment bond operates to … Continue reading

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