This NASBP comment letter discusses the impacts of a project owner requirement that companies furnishing bonds for contracts have an A.M. Best Co. minimum financial strength rating exceeding “A-“.
Topic
Advocacy, Contract Surety, Prequalification, Risk Management & Insurance, Small and Disadvantaged Business Matters
Publish Date
March 7, 2025
Region
Federal
Audience
Agents, Contractors, Sureties
Resource Type
Comment Letter
Supporters Request H.R. 1285, the Water Infrastructure Subcontractor & Taxpayer Protection Act, Receive Markup Which Is Pending Before the Transportation & Infrastructure Committee