“As a consequence of all the narratives affecting the construction and engineering sector — the supply chain woes, the high prices, the labor issues — projects over the past year have involved extra financial assurances once common to only public construction projects.”
Mandelbaum Barrett Construction Law Chair, Jacqueline Greenberg Vogt, Esq. has authored an article in the September 8th, 2022 issue of ROI-NJ. As the construction market grapples with issues, more projects are relying on contractor bonds for safety, Ms. Vogt discusses. Those assurances have come in the form of performance or surety bonds that owners and investors are asking of contractors on private construction projects.