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HTMLShould You Agree to Provide Performance Guarantees and Warranties? It Depends On the Project Delivery Method.
Jay R. Houghton; Smith, Currie & Hancock LLP;
Legal Alert/Article
July 9, 2015, previously published on June 1, 2015
When confronted by a project delivery method other than the traditional design-bid-build method, owners and contractors must be cognizant of exactly how that changes the project’s risk profile. One obvious risk on every project is whether the project will satisfy the owner’s performance...


HTMLNot Your Average Bond - Design Services in Alternative Project Delivery Methods
Alyssa M. Bussey; Smith, Currie & Hancock LLP;
Legal Alert/Article
June 2, 2015, previously published on May 5, 2015
The rise in popularity of alternative project delivery methods that combine design services complicates the already opaque world of surety bonds. As a general matter, for any project type, a bond is a tripartite transaction in which the contractor pays a percent of the penal sum of the bond to the...