Skip to content

Stoel Rives Partner Spotlight: Surety Bonds vs. Subcontractor Default Insurance

Stoel Rives Logo


Surety Bonds vs. Subcontractor Default Insurance

Written by Andrew Gibson, a partner and member of the Construction and Design Group in the Portland office of Stoel Rives LLP.

If a contractor cannot meet deadlines on a construction project or a subcontractor pulls out of a new project bid in order to pursue a more attractive opportunity, the project owner and/or prime contractor face potentially significant damages, which can include corrective work, costs of completion or substitute performance, and delay. In my latest column for the Daily Journal of Commerce, I discuss the characteristics of the two most important options that exist for owners and prime contractors to protect themselves against such risks – performance bonds and subcontractor default insurance (SDI) – and provide some suggestions to help them pick the appropriate one.

Read more about this at Stoel Rives LLP | Ahead of Schedule Construction Blog.

AGC would not be able to have the successful events and meetings without our generous partners! As a benefit of our yearly Partner Program, we spotlight some of our member partner companies. Thank you Stoel Rives LLP!

Share This Resource

Related Articles

Moss Adam’s 2022 Construction Industry Salary Survey is open and runs through July 1, 2022. The survey helps create a comprehensive industry report on compensation...
SAIF’s annual report provides legislators and the public with financial results of the previous year. SAIF also takes this opportunity to reflect on some of...
Southwest Washington Contractors Association (SWCA) recently honored some of their member firms for their business success, participation in the group and contributions to the community....