I just received an update from Kent Starwalt at the Tennessee Association of Road Builders and Brian Egan, Construction Division Director at TDOT, regarding new state requirements for payment and performance bonds in Tennessee. The requirements apply to "contractors entering into contracts with any city, county or state authority for public works within this state."
Lucidity: AIA Revises Bid, Payment and Performance Bond Forms
By Matthew DeVries on
Posted in Contract Docs
Lucidity is defined as clearness of thought or style. In its recent revisions to the A310 (Bid Bond) and A312 (Performance Bond and Payment Bond), the American Institute of Architects (AIA) attempts to provide a clearness of thought and style.
The first publication of AIA’s standard bond form was in 1911. The most…