Bonsap | Real Estate Investment and Development

[...] developer feels good about the fact that it required the contractor to put up payment and performance bonds on the project, even though the bond costs were rolled into the construction contract. If [...]

[...] Served Market- Illustration by Taylor Callery- David Busse Insight:  The article below on Disruptive Genius ought to get out to the VC, angel, and financial guys…..it has powerful clues on how to [...]

[...] Cheaper, Simpler, Smaller The theory of disruptive innovation lies at the core of his success. It grows from the distinction between sustaining [...]

[...] and surety. For performance bond claims, pretty much the only time a surety will hire a replacement contractor is when the original contractor completely abandons the project for financial reasons: it [...]

[...] developers have not required bonds; paid a contractor hundreds of thousands of dollars; the contractor abandons the project; files for bankruptcy; does not pay subcontractors/suppliers with the monies [...]

[...] of a meltdown or dispute. David Taylor is a partner at the Nashville, Tenn., office of Bradley Arant Boult Cummings, LLP. He can be reached at dtaylor@babc.com. [...]

[...] Term – Fifteen years, but 20 to 25 is preferable for all parties Tenant has Investment Grade Credit Rating from Standard & Poor’s, Fitch, Moody’s, etc. General Benefits Conserve or [...]

[...] . If anything goes wrong, the surety will respond in the gracious style of that “mythical insurance claim adjuster” who comes rushing to the scene of a disaster with a checkbook in hand; and (2) [...]