• A Tip for Performance Bond Obligees: for Maximum Protection, Obtain Increase Riders with Change Orders
  • May 17, 2012
  • Law Firm: Lewis Roberts P.L.L.C. - Raleigh Office
  • It's tempting to assume that change orders automatically increase the penal sum of a performance bond that expressly waives notice of contract modifications, but pursuant to a 1992 case out of the U.S. Bankruptcy Court for the Eastern District of Tennessee, that assumption might be misplaced.