SFAA Working on Oklahoma Bill that Prohibits Retainage When Bonds are in Place

  SFAA Working on Oklahoma Bill that Prohibits Retainage When Bonds are in Place 

SFAA and AIA are working with the local surety association in Oklahoma to address HB 2676, which would prohibit the withholding of retainage from the general contractor on public buildings and public works projects if bonds under the Little Miller Act are in place. Oklahoma’s bond threshold is $50,000, and existing law provides that not more than 5% of the contract price may be withheld. For subcontractors, the bill provides that either retainage of not more than 5% may be withheld or performance and maintenance bonds could be required as a condition of the subcontract.

Members should visit Government Relations / General Info (Members) for more information.


SFAA Addressing Proposed Bond Threshold Increase and P3 Pilot Program in Vermont

  SFAA Addressing Proposed Bond Threshold Increase and P3 Pilot Program in Vermont 

SFAA is addressing HB 917, which would increase the bond threshold from $100,000 to $500,000.  As drafted, the bill would have provided for a $1 million bond threshold.  The bill also would provide for a pilot program for the Agency of Transportation to enter into public-private partnerships (P3s) for transportation infrastructure projects.  The state legislature would set the requirements and would have to approve each P3 project, unless the project will have a project lifetime cost that is less than $2 million or the project has been approved in the most recently adopted Transportation Program.  The bill does not specify a bonding requirement for this P3 program.  The program would expire on July 1, 2023.

Members should visit Government Relations / General Info (Members) for more information.


SFAA’s Bill to Address Attorneys’ Fees Awards in Bond Claims Considered but not Enacted

SFAA’s Bill to Address Attorneys’ Fees Awards in Bond Claims Considered but not Enacted 

Washington SB 6428/HB 2852 would have placed reasonable limits on the award of attorney fees’ against sureties. The bill provided that the rights granted under current procurement law would have been the exclusive remedy for recovering attorneys' fee for all disputes, including but not limited to coverage disputes involving a performance or payment bond required under the Little Miller Act. The legislation stalled in the House and died at the end of the session since bills do not carry over to 2019 in Washington.

Members should visit Government Relations / General Info (Members) for more information.


Draft Meeting Minutes posted

Writing

Draft Minutes from the following
recent meetings have been posted for Members:

Members should navigate to the Board and Committees section of the website for for additional information
about
SFAA Board and Advisory Committees.